Siemens Gamesa: Diversity A Strength In Turbulent Times [Seeking Alpha]
SIEMENS AG SPONS ADR (SIEGY)
NASDAQ:AMEX Investor Relations:
siemens.com/investor
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Source: Seeking Alpha
Summary Siemens Gamesa is one of the world's largest wind turbine producers with a strong footing in onshore, offshore and service. The company posted disappointing Q1 2020 earnings but its order book continues to grow rapidly. Wind turbines are set to provide as much as 25% of the world's energy going forward but the business is tough to navigate. As countries continue to shift to renewable sources of energy, wind power maintains a vital role. In February, Bloomberg’s research arm BNEF released a report Vestas ( OTCPK:VWDRY OTCPK:GCTAF Background In April 2017, the wind industry saw two major powers consolidate. The wind energy arm of Siemens ( OTCPK:SIEGY $11 billion deal Siemens Gamesa's test facility in Brande, Denmark | Today, Siemens Gamesa is the global leader in offshore wind and a strong player in onshore. As of 2020 Q1, the company has an installed fleet of over 101,000 megawatts (MW). A sizable service segment (63,544 MW) helps beef up profit margins and provide steady inco
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News
- Vestas Seeks to Hold Onto Higher Wind Power Prices [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Combined Heat and Power Market worth $39.2 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Siemens pension funds cuts Siemens Energy stake to below 10%, filing shows [Reuters]Reuters
- Siemens Government Technologies Names Elizabeth Larson as Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Sight Machine for Siemens Industrial Edge Brings Manufacturing AI to Factory Automation Systems [Yahoo! Finance]Yahoo! Finance