Deutsche Bank European Research said the probability of a full takeover of Siemens Gamesa Renewable Energy (SGRE) by majority shareholder Siemens Energy in the next few months has increased after the troubled wind turbine manufacturer on Wednesday published worrying preliminary results and put its guidance under review.

Deutsche Bank analyst Gael de-Bray lowered the target price for SGRE shares to €20 ($21.85) per share from €21 per share previously. Siemens Gamesa shares rose by 0.82% to €15.99 in early morning trading in Madrid Thursday.