• 11/25/2024

Siemens Energy Plummets After Scrapping Outlook

Wall Street Journal

UPDATED: Siemens Energy said it was withdrawing its profit guidance for fiscal 2023 due to an extended technical review triggered after a substantial increase in wind-turbine component failure rates.

https://www.wsj.com/articles/siemens-energy-shares-plummet-after-withdrawing-fiscal-2023-profit-guidance-613a5eb3