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    SGRE   ES0143416115

SIEMENS GAMESA RENEWABLE ENERGY, S.A.

(SGRE)
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Delayed Bolsas y Mercados Espanoles  -  05/27 11:38:00 am EDT
17.94 EUR    0.00%
05/25SIEMENS GAMESA : Deutsche Bank is now Neutral
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05/25S&P Keeps Siemens Energy's Negative Outlook Following Buyout Offer For Siemens Gamesa
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05/25NEWS HIGHLIGHTS : Top Energy News of the Day
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European shares tumble in global selloff, down for third straight week

01/21/2022 | 04:48am EDT
German share price index DAX graph is pictured at the stock exchange in Frankfurt

* Supply snafus knock Siemens Energy wind unit; shares plummet

* Rio Tinto tumbles as Serbia vetoes $2.4 bln lithium plan

* Miners retreat from 2008 highs

* Automobile stocks worst weekly performers

Jan 21 (Reuters) - European stocks slumped on Friday to mark a third week of losses as jitters over monetary policy tightening by central banks this year and weak economic data sparked steep declines across global equities.

The pan-European STOXX 600 dropped 1.8%, and was down 1.4% over the week. Mining stocks were the day's worst performers, losing 3.3%.

Anglo-Australian miner Rio Tinto tumbled 2.2%, the biggest drag on the sector, after Serbia revoked its lithium exploration licenses over environmental concerns, hurting the group's ambition to become Europe's largest supplier of the metal.

Investors are now waiting for the U.S. Federal Reserve's meeting next week for details on how it intends to tackle high inflation.

"There's a lot of speculation - four, five, six U.S. rate hikes this year, a 50 basis point hike in March - which has fed markets' underlying anxiety," said Craig Erlam, a senior market analyst at OANDA.

"We can never underestimate the knock-on effects of the U.S. on global markets, and Europe is facing challenges of its own with the Omicron variant and energy crisis," he said, adding that markets were even starting to price in potential tightening by the European Central Bank (ECB).

Cementing those concerns, ECB accounts showed policymakers argued at a meeting last month that inflation could "easily" get stuck above target, and the central bank should keep the door open to tightening policy.

Further, euro zone consumer prices jumped at a record pace in December, boosted by a surge in energy prices and supply chain bottlenecks.

Adding to worries, the Bank of England will press ahead with its tightening cycle next month as red-hot inflation runs well ahead of target, a Reuters poll found.

However, at some point, investors will start to be drawn back in towards European markets once the peak inflationary period of late first-quarter, early second-quarter passes, and economic data starts to improve, Erlam said.

Airbus lost 2.0% after saying it had canceled a contract with Qatar Airways for 50 A321neo jets, broadening a $600 million-plus dispute with the Gulf carrier over the larger A350.

Siemens Energy plunged 16.6% after cutting its forecast as wind unit Siemens Gamesa warned of prolonged supply chain issues, renewing pressure on the German firm to fully take over the unit.

Siemens Gamesa dropped 14.0%, joining Siemens Energy as the two worst performers on the STOXX 600.

Concerns over supply chain disruptions also saw European automobile stocks lag their peers this week, down 4.2%. (Reporting by Anisha Sircar in Bengaluru; Editing by Subhranshu Sahu, Kirsten Donovan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 2.57% 111.86 Real-time Quote.-0.45%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.87% 0.667 Delayed Quote.3.56%
BRITISH POUND / EURO (GBP/EUR) 0.07% 1.1764 Delayed Quote.-1.19%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.39% 0.732311 Delayed Quote.4.76%
INDIAN RUPEE / EURO (INR/EUR) 0.11% 0.012015 Delayed Quote.1.75%
RIO TINTO PLC 1.47% 5714 Delayed Quote.16.56%
SIEMENS AG 2.82% 121.86 Delayed Quote.-20.19%
SIEMENS ENERGY AG 0.66% 17.62 Delayed Quote.-21.65%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 0.00% 17.94 Delayed Quote.-14.86%
STOXX EUROPE 600 NR 1.43% 1016.74 Delayed Quote.-8.76%
US DOLLAR / EURO (USD/EUR) 0.01% 0.931819 Delayed Quote.5.95%
All news about SIEMENS GAMESA RENEWABLE ENERGY, S.A.
05/25SIEMENS GAMESA : Deutsche Bank is now Neutral
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05/25S&P Keeps Siemens Energy's Negative Outlook Following Buyout Offer For Siemens Gamesa
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05/25NEWS HIGHLIGHTS : Top Energy News of the Day
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Analyst Recommendations on SIEMENS GAMESA RENEWABLE ENERGY, S.A.
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Financials
Sales 2022 9 614 M 10 300 M 10 300 M
Net income 2022 -720 M -772 M -772 M
Net Debt 2022 1 328 M 1 423 M 1 423 M
P/E ratio 2022 -17,6x
Yield 2022 -
Capitalization 12 214 M 13 085 M 13 085 M
EV / Sales 2022 1,41x
EV / Sales 2023 1,32x
Nbr of Employees -
Free-Float 32,8%
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 17,94 €
Average target price 17,86 €
Spread / Average Target -0,47%
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Managers and Directors
Jochen Eickholt Chief Executive Officer & Executive Director
Beatriz Puente Ferreras Chief Financial Officer
Miguel Angel López Borrego Chairman
Alan Feeley Chief Information & Cyber Security Officer
Antonio de la Torre Chief Technology Officer