Siemens Gamesa shares drop after lacklustre report

The downturn on the Indian market prompted investors to send Siemens Gamesa down by 14.5 percent on the stock exchange Thursday morning.

Photo: Siemens

The first report from German-Spanish venture Siemens Gamesa shows a decline on both orders and earnings due to new market conditions in India.

In response, it has been punished on the share market, with shares dropping by 14.5 percent to EUR 15 after just a few hours of trading Thursday morning.  Vestas shares have also experienced a bad day after a 2.7 percent fall to DKK 610.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs