Tuesday, February 4, 2020

Siemens Gamesa Posts Loss In Q1, Cuts FY20 Margin View; Orders Surge; Stock Up

Shares of Siemens Gamesa Renewable Energy, S.A. were gaining around 3 percent in the morning trading after the Spanish wind turbine manufacturer on Tuesday reported significant boost in its order intake in the first quarter amid the rising demand for wind power. Meanwhile, due to an unexpected cost impact, the company slipped to loss in its first quarter, and lowered its margin view for

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