Siemens Gamesa 12M17 results analysis, we put our TP under review
Siemens Gamesa 12M17 results analysis, we put our TP under review
- 12M17 results reflect the difficulties already know
- More headwinds
- The workforce is to be cut by almost 25%
- The results will be received badly. Target price under review
The results and the grim outlook for the coming years will be received badly by the market. We are putting our target price of €14.00 under review. Our Hold recommendation is unchanged.
Siemens Gamesa Renewable Energy is a holding company. Through its subsidiaries, Co. is engaged in the business of renewable energy sources, primarily wind power but also including solar energy where its acts as a supplier and manufacturer of technological products, installations and services. Co. is organized along the lines of: promotion, construction and sale of wind farms, engineering, design, manufacture and sale of wind turbines, manufacture of thermic and photovoltaic solar components, promotion and sale of photovoltaic solar farms. Co. also participates in both Spanish and European working groups aimed at establishing priorities for its sector's research & development work.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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