๐๐ข๐๐ฆ๐๐ง๐ฌ ๐๐ง๐๐ซ๐ ๐ฒ ๐ฆ๐ฎ๐ฌ๐ฌ ๐๐ฎ๐๐ญ ๐ฅ๐๐ฌ๐ฌ๐๐ง ๐ The profit warning of the company's subsidiary Siemens Gamesa pulled both shares towards the "south" - What's next for wind power?
Siemens Energy subsidiary Siemens Gamesa had to revise its profit forecast downwards and now expects an operating return on sales of zero to minus one percent before integration and restructuring costs. 229 million will be written down on unprofitable projects such as the Siemens Gamesa 5.X platform in Brazil. Further, revenue is not increasing as much as hoped and Gamesa only expects third quarter revenue of 2.7 billion euros (Gamesa's fiscal year ends 9/30) and an operating loss of 150 million euros (source: Siemens Gamesa press release and Handelsblatt)
Siemens Energy now seems to be the leading party, as the parent company had to revise its own profit targets as a result. According to the Handelsblatt, which refers to industry circles, resentment against the subsidiary is growing in Munich.
Siemens Gamesa has complained primarily about increased raw material prices, as the cost of steel, one of the main materials for wind turbines, has already risen by more than 25 percent this year. This is now dragging down other wind turbine manufacturers such as Nordex, Goldwind and Vestas.
In the short term, we believe this could benefit solar manufacturers first. With a higher profit margin, they could now move into the focus of investors in renewable energy sector. ๐๐๐ง๐ ๐๐ซ๐ข๐ฌ๐ญ๐ข๐ ๐ฌ๐๐ข ๐๐๐๐ซ ๐ ๐๐ฌ๐๐ ๐ญ, ๐๐๐ฌ๐ฌ ๐๐ซ๐ฌ๐ญ ๐ ๐๐ฌ๐ญ๐๐ซ๐ง ๐๐๐ฌ ๐๐ฅ๐ข๐ฆ๐๐ฌ๐๐ก๐ฎ๐ญ๐ณ๐ฉ๐๐ค๐๐ญ ๐๐๐ซ ๐๐-๐๐จ๐ฆ๐ฆ๐ฌ๐ฌ๐ข๐จ๐ง "๐ ๐ข๐ญ ๐๐จ๐ซ ๐๐" ๐ฏ๐๐ซ๐๐๐ฌ๐๐ก๐ข๐๐๐๐ญ ๐ฐ๐ฎ๐ซ๐๐. It discusses a master plan for a carbon-free economy. According to Handelsblatt, the industry association Wind Europe stated that over 450 gigawatts of new wind power capacity would be needed in the next ten years alone, which equates to around 30 gigawatts of new wind capacity per year. By comparison, the current rate of addition is only around 15 gigawatts per year. Offshore wind power is the main focus of this target, as it could provide a huge boost for struggling wind power manufacturers. Siemens Gamesa is the number one in the offshore market.
The confidence of many investors has already shown today, as ๐๐๐ข ๐๐๐ฌ๐ญ ๐๐ฅ๐ฅ๐๐ง ๐๐ซ๐จ๐ค๐๐ซ ๐๐ข๐๐ฆ๐๐ง๐ฌ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ข๐ ๐ฆ๐๐ข๐ฌ๐ญ๐ ๐๐ค๐๐ฎ๐๐ญ๐ ๐๐ค๐ญ๐ข๐ was (see onvista, flatex, comdirect).
๐๐ต๐ฎ๐ฟ๐๐๐ฒ๐ฐ๐ต๐ป๐ถ๐๐ฐ๐ต ๐ฆ๐ถ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ป๐ฒ๐ฟ๐ด๐ stock is now battered after breaking support around โฌ24. Starting from the last notable supports (Fibo levels) around โฌ22, a quick recovery above โฌ24 would be conceivable. Should this not succeed at the end of the week, however, a test of the prominent low at ~โฌ18 is the preferred variant. At the latest, this offers a good opportunity from a CRV perspective to pick up the actually promising stock relatively cheaply.
๐๐ข๐ ๐ฌ๐ข๐๐ก๐ญ๐ฌ ๐๐๐ข ๐๐ฎ๐๐ก ๐๐ฎ๐ฌ, ๐ก๐๐๐ญ ๐ข๐ก๐ซ ๐ณ๐ฎ๐ ๐๐ฌ๐๐ก๐ฅ๐๐ ๐๐ง ๐จ๐๐๐ซ ๐ฅ๐๐ฌ๐ฌ๐ญ ๐ข๐ก๐ซ ๐๐ข๐ ๐ ๐ข๐ง๐ ๐๐ซ ๐๐๐ฏ๐จ๐ง? Feel free to post it in the comments, we are interested in your opinions and sharing.
We hope the info was helpful for you. Best regards, Sรถren and Magnus from @rainbow_stocks. ๐ ๐
