saw 5.8 billion euros wiped off its market capitalisation on Friday after warning that the impact of quality problems at its Siemens Gamesa wind turbine business would be felt for years.late on Thursday after a review of its wind turbine division exposed deeper-than-expected problems that could cost more than 1 billion euros.
Siemens Energy's share price plunge on Friday was the biggest since the group, which supplies equipment and services to the power sector, was spun off from SiemensShares were down 31.5% at 0842 GMT, with traders and analysts pointing out that the extent of the company's latest problems was still uncertain.
"Given the history and nature of the wind industry, the profit warning was not a complete surprise, but what surprised us was the magnitude," analysts at JPMorgan said.
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