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Siemens Energy's Wind Turbine Woes Cause Stock Plunge and CEO Shock.

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Source: Windpower Monthly
Siemens Energy's Wind Turbine Woes Cause Stock Plunge and CEO Shock.
Photo: Windpower Monthly
TL;DR

Siemens Gamesa CEO Jochen Eickholt has admitted that the scale of problems with the company's wind turbine bearings and rotor blades is much worse than he anticipated, leading parent company Siemens Energy to withdraw its 2023 profit guidance. The component failures are a "bitter setback" for the company.

Topics:businessenergy#component-failures#energy#financial-guidance#rotor-blades#siemens-gamesa#wind-turbines
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  1. Scale of wind turbine failures are 'a bitter setback' – Siemens Gamesa CEO  Windpower Monthly
  2. Siemens Energy Falls by Record After Wind Unit’s Woes Deepen  Yahoo Finance
  3. Siemens Energy shares plunge after wind turbine problems deepen  Financial Times
  4. Stocks to Watch Friday: 3M, Siemens Energy, CarMax, Virgin Galactic  The Wall Street Journal
  5. Shocked Siemens Gamesa CEO Eickholt: 'Problems much worse than I thought possible'  Recharge

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