An offshore wind turbine of the Siemens Gamesa company is seen from the Telde coast on the island of Gran Canaria, Spain, May 2, 2022. REUTERS/Borja Suarez/File Photowere up around 4% early Friday after plunging the previous day on news that it was in talks with the German government about state guarantees following big setbacks at its wind unit.
Shares were up 4.16% at 0732 GMT. That is only a partial recovery after closing more than 35% lower on Thursday, a move that wiped out about 3 billion euros in the company's market capitalization.High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Siemens Energy shares dive on German guarantee talks, profit warningSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
Source: MarketWatch - 🏆 3. / 97 Read more »
Siemens Energy shares slide 32% after company seeks support from German governmentShares of Siemens Energy tumbled more than 32% on Thursday after the company sought guarantees from the German government for long-term projects. This is…
Source: NBCNewYork - 🏆 270. / 63 Read more »
Siemens Energy shares slide 32% after company seeks support from German governmentShares of Siemens Energy tumbled more than 32% on Thursday after the company sought guarantees from the German government.
Source: CNBC - 🏆 12. / 72 Read more »
Siemens Energy shares slide 30% after company seeks support from German governmentShares of Siemens Energy tumbled on Thursday after the company sought guarantees from the German government.
Source: CNBC - 🏆 12. / 72 Read more »
Siemens Energy Stock Plummets on Wind Power Worries. What GE Investors Need to Know.Siemens Energy's wind business lost more than $2.5 billion in its June quarter.
Source: MarketWatch - 🏆 3. / 97 Read more »
Daily on Energy: Biden inks partnerships with Australia on clean energy, critical minerals, and climateBreanne Deppisch is an energy and climate policy reporter at the Washington Examiner. A former national political reporter, she has closely covered campaigns, Congress, and the White House since 2016.
Source: dcexaminer - 🏆 6. / 94 Read more »