Siemens Gamesa : Patience is the mother of all virtues
>Towards a delayed rise in margins, target price revised to € 21 - Following the release of the Q2 22 results (year to the end of September), we are adjusting our earnings forecasts. The upturn in profitability will take time even though the sector's fundamentals have improved due to geopolitical tensions and Europe's determination to secure its energy supplies. This underpins the pipeline of potential projects. The market will nonetheless continue to focus on margin...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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