Siemens Energy: no decision yet on when to sell turbines [Reuters]
SIEMENS AG SPONS ADR (SIEGY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
and 5.X wind turbines, but it is working hard to do this as soon as possible, a spokesperson for the company told Reuters on Thursday. The company's shares jumped 6.4% to their highest in nearly two months after a Bloomberg report said it has been preparing to resume sales of the turbines. "We are obviously working hard to do this as soon as possible, but the timing is up to us, everything else is speculation," the spokesperson added. Quality issues with some of its onshore turbines components caused Siemens Energy shares to more than halve last year and led the German government to backstop vital project guarantees. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Reporting by Tom Kaeckenhoff, writing Andrey Sychev, editing by Miranda Murray Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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