Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year

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A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve. The wind turbine manufacturer on Thursday said it continued to be "challenged by market dynamics," as supply chain disruptions weighed on results. Performance had been affected by supply chain disruptions in manufacturing alongside challenges in project execution and its onshore segment, it said. The results come after the company announced it was replacing CEO Andreas Nauen with Jochen Eickholt on March 1.

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