GCTAF News and Press, Siemens Gamesa Renewable Energy SA From 04/19/22

Siemens Gamesa (OTCPK:GCTAY) said Tuesday it agreed to sell its European onshore wind portfolio to U.K. energy company SSE (OTCPK:SSEZY) for €580M ($626M). The companies said the deal includes 3.9 GW of onshore wind projects in Spain, France, Italy and Greece and the possibility of dev...

SSE (OTCPK:SSEZY) is in advanced talks to buy Siemens Gamesa's (OTCPK:GCTAY) wind farm development unit, with a deal expected to be announced later this week, Reuters reported on Tuesday. Bidders originally were considering valuations of ~€300M ($323M) but the price tag grew during the...

Vestas has been on top of its industry for several years but the industry faces strong short-term headwinds limiting profitability. The long-term thesis for growing usage of wind energy is well supported but extrapolating the case several decades ahead carries great uncertainty. V...

Siemens Gamesa (OTCPK:GCTAY -6.2%) plunged more than 6% in European trading Wednesday after Orsted (OTCPK:DNNGY) reported a rotor and three blades fell off one of the company's wind turbines at the 400 MW Anholt Offshore wind farm in Denmark. Orsted said it requested that authorities establis...

Although the drive towards decarbonization is progressing, the environment for wind turbine manufacturers has been difficult for years. Vestas appears to be best positioned among Western wind turbine manufacturers based on its market share, management team and strong track record. ...

Investors lost confidence in Siemens Energy and its management after its third profit warning in 9 months. The share price hit one low after another. The reason for the performance isn't in the Gas & Power segment, which was initially the issue for investors, but in Siemens Gamesa...

The news that General Electric 's (NYSE: GE) fierce rival in renewable energy, Siemens Gamesa (OTC: GCTAF) , is replacing its chief executive officer may not really appear to be significant. However, in the context of an industry suffering collapsing margins and soaring cost...

Q1-2022 revenues are down 20% year-on-year. EBIT margin for FY2022 expected between -4% and 1%. Revenues for FY2022 will probably go down by -5.5% on average. For further details see: Siemens Gamesa Slashes Guidance For FY2022

In a further sign that supply chain problems are wreaking havoc on the wind farm business, Sapura Energy (OTC:SKPBF) is walking from it's $3b windfarm project in the Taiwan Strait. The developer is citing "technical and operational issues not attributable to the Company," which have delayed t...

Shell (NYSE:SHEL) performed in line with peers today, following solid cash flow results and a constructive conference call:  Buyback - here Ben was very upbeat, indicating the financial framework was established in a lower commodity price environment, and that management is rethinking th...