|Bid||28.51 x 0|
|Ask||28.88 x 0|
|Day's Range||27.76 - 28.86|
|52 Week Range||10.68 - 28.86|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 02, 2021 - Feb 08, 2021|
|Forward Dividend & Yield||0.05 (0.18%)|
|Ex-Dividend Date||Jul 28, 2020|
|1y Target Est||14.97|
NEW YORK, NY / ACCESSWIRE / November 5, 2020 / Siemens Gamesa Renewable Energy SA (OTC PINK:GCTAY) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on November 5, 2020 at 8:00 AM Eastern Time.
Shares in Siemens Gamesa <SGREN.MC> rose on Thursday after it confirmed forecasts for a steady rise in margins until 2023, even though a small operating profit in the fourth quarter was not enough to save the wind turbine maker from an annual loss. Demand for wind energy as countries and companies seek to cut carbon emissions helped propel orders 15.6% higher from the previous year to 14.7 billion euros. Despite strong competition, high steel costs and production disruptions caused by the coronavirus crisis, shares in Siemens Gamesa have soared more than 60% in 2020 on expectations it will benefit from rising demand for renewable energy.
The recent spinoff of Siemens Energy provides General Electric (NYSE: GE) investors with a good handle on what the market may be willing to pay for GE's renewable energy and power businesses in the future. As such, it helps investors understand the long-term value opportunity with GE stock. GE and Siemens are fierce rivals that compete across a number of end markets, notably the power market (gas turbine equipment and services), renewable energy (wind power), and healthcare equipment.