Siemens Energy prepares to resume wind turbine sales - Bloomberg [Seeking Alpha]
SIEMENS AG SPONS ADR (SIEGY)
NASDAQ:AMEX Investor Relations:
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Source: Seeking Alpha
preparing to resume sales of its troubled onshore wind turbines, citing several potential customers. According to the report , Spain's Repsol ( OTCQX:REPYF OTCQX:REPYY ) and Germany's BayWa r.e. are among the companies that say Siemens Energy ( OTCPK:SMEGF OTCPK:SMNEY ) has indicated it will soon offer the units, which were put on hold last year due to technical problems. A return of Siemens Energy's ( OTCPK:SMEGF OTCPK:SMNEY ) 4.X and 5.X onshore wine turbines would indicate the company is confident it can still make money from the units, even after warning last year that costs associated with the flawed turbines could exceed €1B. Siemens Energy ( OTCPK:SMEGF OTCPK:SMNEY ) has not decided when to sell the revised version of the wind turbines, but it is working hard to do so as soon as possible, the company said in response to the report. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News
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