EnergyWatch

Bank of America doubts Siemens Gamesa's break-even target

The German-Spanish turbine maker is unlikely to meet its goal of breaking even in onshore wind by the end of 2022, say analysts at Bank of America.

Photo: VINCENT WEST/REUTERS / X00957

It's unlikely that wind turbine manufacturer Siemens Gamesa will achieve its goal of breaking even in its onshore business by the end of 2022, according to analysts at Bank of America cited by PLX AI.

Rising commodity prices entail a major weakening in margins for the second half of the year, forecasts Bank of America.

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