![]() "With luck, when they report back at the beginning of August, they will have managed to put some sort of brackets around the scale of the cost here and the scale of the obligations ahead of them, but certainly it is an alarmingly large hit and it's taken the market by surprise," he said. Siemens Energy estimates that component failures may be occurring in between 15% and 30% of its installed fleet of turbines, but Green noted that there is still a "slight question mark about where that liability ends." ![]() "There's a 17 billion euros service order book and that is delivering service on installed wind farms and in wind turbines for quite a number of years ahead - five years ahead, sometimes 10-year contracts - and to discover that a handful of your components aren't working as you planned, that maybe you'll need to go in and replace those components, that is a very large liability that you're taking on," he said. Nicholas Green, head of European capital goods at Alliance Bernstein, said Siemens Energy would likely be able to climb back from the fall, but the scale of the problems had shocked the market. View the best growth stocks for 2023 here. Since then, SIE stock has increased by 5.5 and is now trading at 136.82. Personal Loans for 670 Credit Score or Lower Siemens Aktiengesellschaft's stock was trading at 129.64 at the start of the year. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit In a report released today, Deepa Venkateswaran from Bernstein maintained a Sell rating on Siemens Energy ( SMEGF Research Report ), with a price target of 12.00.
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