Siemens Gamesa's troubles to delay turnaround but unlikely to spread to competitors

Siemens Gamesa’s intensifying problems are likely to delay its return to profit further, but knock-on effects on its direct competitors are unlikely, analysts have said.

The wind turbine manufacturer’s parent Siemens Energy late last week withdrew profit guidance, pointing both to challenges with the ramp-up of Siemens Gamesa’s offshore activities and “substantial failure rates of wind turbine components” in onshore.