Siemens Gamesa Renewable Energy SA

Siemens Gamesa Renewable Energy is a holding company. Through its subsidiaries, Co. is engaged in the business of renewable energy sources, primarily wind power but also including solar energy where its acts as a supplier and manufacturer of technological products, installations and services. Co. is organized along the lines of: promotion, construction and sale of wind farms, engineering, design, manufacture and sale of wind turbines, manufacture of thermic and photovoltaic solar components, promotion and sale of photovoltaic solar farms. Co. also participates in both Spanish and European working groups aimed at establishing priorities for its sector's research & development work.
  • TickerGAM
  • ISINES0143416115
  • ExchangeMadrid Stock Exchange
  • SectorAlternative Energy
  • CountrySpain

Analysts

Expert Corporate Governance Service (ECGS)

Siemens Gamesa, March 27 2019

In item 6, shareholders are called to ratify the appointment of the non-executive Chairman Mr. Miguel Ángel López Borrego (former CFO of Siemens Gamesa and executive at Siemens Group companies since 2001). We have serious concerns over the lack of independent representation on the Board (23% as per our guidelines and 38% according to the Company) and the high number of Directors representing Siemens AG (6, or 38%, including the Chairman). In addition, according to the ECGS' guidelines, a former executive should not be appointed as Chairperson without applying a reasonable cooling-off period. T...

Andreea Hotaranu

Morningstar | SGRE Updated Star Rating from 04 Mar 2019

Driving down costs has been paramount to position wind technology as a competitive energy source. In the transition to a subsidy-free environment, smaller players tend to struggle since they don’t have the scale efficiency required to face the new market dynamics. Before the merger with Siemens Wind Power, Gamesa was mainly an emerging-market player, with half of its revenue concentrated in India, Brazil, and Mexico. Without broader regional diversification and larger scale, Gamesa would have had difficulty improving its margins to Tier 1 competitors’ levels. We believe the merger will enable ...

Andreea Hotaranu

No-Moat Siemens Gamesa Renewable Energy's Margin Upside Not Fully Priced In

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the in...

Andreea Hotaranu

Morningstar | SGRE Updated Forecasts and Estimates from 27 Feb 2019

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the installed bases of Tier 1 turbine suppliers like SGRE and resulting in a higher portion of margin-enha...

Andreea Hotaranu

Morningstar | SGRE Updated Star Rating from 26 Feb 2019

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the installed bases of Tier 1 turbine suppliers like SGRE and resulting in a higher portion of margin-enha...

Andreea Hotaranu

Morningstar | SGRE Updated Star Rating from 04 Mar 2019

Driving down costs has been paramount to position wind technology as a competitive energy source. In the transition to a subsidy-free environment, smaller players tend to struggle since they don’t have the scale efficiency required to face the new market dynamics. Before the merger with Siemens Wind Power, Gamesa was mainly an emerging-market player, with half of its revenue concentrated in India, Brazil, and Mexico. Without broader regional diversification and larger scale, Gamesa would have had difficulty improving its margins to Tier 1 competitors’ levels. We believe the merger will enable ...

Andreea Hotaranu

No-Moat Siemens Gamesa Renewable Energy's Margin Upside Not Fully Priced In

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the in...

Andreea Hotaranu

Morningstar | SGRE Updated Forecasts and Estimates from 27 Feb 2019

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the installed bases of Tier 1 turbine suppliers like SGRE and resulting in a higher portion of margin-enha...

Andreea Hotaranu

Morningstar | SGRE Updated Star Rating from 26 Feb 2019

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the installed bases of Tier 1 turbine suppliers like SGRE and resulting in a higher portion of margin-enha...

Andreea Hotaranu

Morningstar | Initiating Coverage of Siemens Gamesa With EUR 15 FVE and No-Moat Rating

We are initiating coverage on Siemens Gamesa Renewable Energy, the result of the 2017 merger between Gamesa and Siemens Wind Power, with a no-moat and stable trend rating. We believe scale will become increasingly important for wind turbine suppliers. SGRE is well positioned to become Vestas’ main competitor and achieve margin expansion in the longer term, fuelled by its three-year cost-cutting program. We expect demand for renewable energy to continue to grow, leading to the expansion of the installed bases of Tier 1 turbine suppliers like SGRE and resulting in a higher portion of margin-enha...

A director bought 61,671 shares at 20.500EUR and

A director at Gamesa Corporacion Tecnologica Sa bought 61,671 shares at 20.500EUR and the significance rating of the trade was 99/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing ru...

Rob McDowell

Non-Renewable Benefits Flattered FY’18 Margins

A double requalification allows SIE.GAMESA RENWEN.SA to improve to Slightly Positive

SIE.GAMESA RENWEN.SA (ES), a company active in the Renewable Energy Equipment industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 4 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date November 6, 2018, the closing price was EUR 11.31 and its potential was estimated at EUR 12.46.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Siemens Gamesa, March 27 2019

In item 6, shareholders are called to ratify the appointment of the non-executive Chairman Mr. Miguel Ángel López Borrego (former CFO of Siemens Gamesa and executive at Siemens Group companies since 2001). We have serious concerns over the lack of independent representation on the Board (23% as per our guidelines and 38% according to the Company) and the high number of Directors representing Siemens AG (6, or 38%, including the Chairman). In addition, according to the ECGS' guidelines, a former executive should not be appointed as Chairperson without applying a reasonable cooling-off period. T...

Siemens Gamesa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Matthieu DRIOL

Analyse court terme - SIEMENS GAMESA RENEWABLE ENERGY : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 9,052 €. La tendance de fond serait remise en cause en cas de franchissement de 11,750 €.

Matthieu DRIOL

Short term view - SIEMENS GAMESA RENEWABLE ENERGY : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €9.052. The background trend would be questioned should prices rise above €11.750.

Matthieu DRIOL

Short term view - SIEMENS GAMESA RENEWABLE ENERGY : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €9.052. The background trend would be questioned should prices rise above €11.750.

Matthieu DRIOL

Analyse court terme - SIEMENS GAMESA RENEWABLE ENERGY : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 9,052 €. La tendance de fond serait remise en cause en cas de franchissement de 11,750 €.

Matthieu DRIOL

Medium term view - SIEMENS GAMESA RENEWABLE ENERGY : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €9.034, then €7.184. Passing €14.480 would question the continuation of the fall.

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