FRANKFURT -Siemens Energy will replace the boss of its troubled wind turbine division after little more than two years in the job, the company said on Wednesday, also raising its outlook for 2024 primarily on the back of its power grid business.
Eickholt, a Siemens veteran, led the wind turbine maker through its most turbulent time since it was created in 2017, including a major crisis linked to quality problems at its most recent onshore wind turbine models last year. On the back of strong demand for power grid equipment, Siemens Energy raised its outlook for sales, operating profit and free cash flow, now expecting revenues to grow by 10-12% in 2024, up from a previous 3-7% target range.In this article, we discuss the 10 companies to consider in the portfolio of Kevin O’Leary for 2024.
Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager saysCALGARY — Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier. The Calgary-based energy giant says its first-quarter earnings amount to $1.25 per common share, compared with $1.54 in the first quarter of 2023. On an adjusted basis, Suncor says its operating earnings of $1.
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