Wind Energy Faces its First Crisis as Costs Mount
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
It's been anything but a breeze for wind.
Siemens Energy, a major German player in the wind energy industry, told investors on Monday the losses at its wind turbine division will likely climb higher than previously thought. This comes amid broader financing turbulence in the wind industry, according to a report in The Wall Street Journal. One executive at energy company Equinor didn't mince words talking to the WSJ: "At the moment, we are seeing the industry's first crisis."
Source Fool.com
Siemens AG Stock
€168.92
1.940%
Siemens AG is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
As a result the target price of 187 € shows a slightly positive potential of 10.7% compared to the current price of 168.92 € for Siemens AG.
