Siemens Energy share sell-off deepens, takes market value loss to $8 billion

📆 2023-06-26 19:41:00

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Siemens Energy shares fell for a second consecutive session on Monday, hit by a raft of target price cuts and rating downgrades in the wake of deeper-than-expected problems at its wind turbine division that emerged last week.

It share price was down 3.3% at 1252 GMT, at the bottom of Germany's blue-chip DAX

"We are now waiting for the full results of the analysis before drawing any further conclusions," a spokesperson for the company said in response to a query from Reuters.

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