GCTAY News and Press, Siemens Gamesa Renewable Energy SA ADR From 04/20/22

Siemens Gamesa (OTCPK:GCTAY) is trying to raise wind turbine prices to cope with high costs of raw materials costs that helped cause a large quarterly loss, CEO Jochen Eickholt said on Wednesday, according to Reuters. Eickholt, in a call with analysts after the world's largest maker of offsho...

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...

It can be hard to ignore politics. But for investors, focusing on the performance and prospects of a business is the best way to beat the market regardless of administration or policy. That's even true for companies operating in the renewable energy space. Most governments have some pol...

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. ...

It wasn't supposed to be like this for wind power equipment providers. Since the start of 2021, many of the leading players in the industry, including Vestas Wind Systems (OTC: VWDRY) , Siemens Gamesa (OTC: GCTAY) , and General Electric 's (NYSE: GE) renewable energy...

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...

Shares of solar and alternative energy companies are catching a bid on the notion that Russia's invasion of Ukraine will raise pressure on governments to build more wind and solar power to reduce dependence on imported fossil fuels. Two of Monday's top three gainers on the S&P 500 are sol...