Wind Energy Faces its First Crisis as Costs Mount
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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
€170.34
0.760%
Currently there is a rather positive sentiment for Siemens AG with 5 Buy predictions and 0 Sell predictions.
With a target price of 193 € there is a slightly positive potential of 13.3% for Siemens AG compared to the current price of 170.34 €.
