Report
Andreea Hotaranu
EUR 100.00 For Business Accounts Only

Siemens Gamesa's Margin Upside Not Fully Priced In

Driving down costs has been paramount to position wind technology as a competitive energy source. In the transition to a subsidy-free environment, smaller players tend to struggle since they don’t have the scale efficiency required to face the new market dynamics. Before the merger with Siemens Wind Power, Gamesa was mainly an emerging-market player, with half of its revenue concentrated in India, Brazil, and Mexico. Without broader regional diversification and larger scale, Gamesa would have ha...
Underlying
Siemens Gamesa Renewable Energy S.A.

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andreea Hotaranu

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