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Wind Turbine Maker Siemens Gamesa Cuts Earnings Outlook Again

  • Industry has been hit by jumping costs and supply chain snags
  • Shares trade little changed near level of takeover offer
Siemens Gamesa turbine blades.
Siemens Gamesa turbine blades.Photographer: Nathan Laine/Bloomberg

Siemens Gamesa Renewable Energy SA delivered another cut to its earnings forecast, the latest sign of the headwinds hurting an industry vital to combat global warming and solve the energy crisis. 

The cut in the expected earnings margin announced on Tuesday is yet another update to the wind turbine maker’s declining outlook. The industry is facing surging commodity costs and supply chain disruptions, just as governments plan to rely more heavily on renewable energy to move away from fossil fuels.