Siemens Energy, RWE warn of Trump fallout in US offshore wind sector [Yahoo! Finance Canada]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance Canada
"Given the results of the U.S. elections, we see higher risks than before for the timely implementation of offshore wind projects there," RWE finance chief Michael Mueller told journalists after presenting nine-month results. "We have to expect that investments in our projects will come later than originally planned," he said. Christian Bruch, CEO of Munich-headquartered Siemens Energy, also pointed to looming issues in offshore permitting in the U.S. in the future, assuming current projects that had already secured permitting would be unaffected. "Those would be projects slated for '29, '30, '31," he told journalists after also presenting full-year results that included an upgrade of the company's mid-term targets, causing shares to reach a fresh record high. Trump's potential impact on clean energy technologies has been squarely in focus by investors, who fear he could repeal parts of current President Joe Biden's Inflation Reduction Act, a scheme aimed at attracting invest
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Analyst Actions
- 10/5/24 - Citigroup Inc.
SIEGY
Sec Filings
- 11/14/24 - Form 13F-HR
- 8/30/24 - Form N-PX
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