Siemens Gamesa Slashes Forecast as COVID Crushes Earnings

Credit to Author: Darrell Proctor| Date: Thu, 30 Jul 2020 15:00:28 +0000

The post Siemens Gamesa Slashes Forecast as COVID Crushes Earnings appeared first on POWER Magazine.

Wind turbine maker Siemens Gamesa Renewable Energy (SGRE) has lowered its sales forecast for 2020, and the company said it expects the economic impact of COVID-19 will cut €1 billion ($1.2 billion) from its sales revenue in the full year. The company in its latest earnings report, released July 30, said the impact of the […]

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COVID-19 Weighs on Siemens Gamesa Earnings

Credit to Author: Darrell Proctor| Date: Wed, 06 May 2020 15:25:33 +0000

The post COVID-19 Weighs on Siemens Gamesa Earnings appeared first on POWER Magazine.

Siemens Gamesa Renewable Energy (SGRE) on May 6 said delays to its renewable energy projects, in part due to supply chain disruptions from the coronavirus pandemic, will continue to negatively impact the company’s earnings this year. The company reported its fiscal second-quarter earnings on Wednesday and said the COVID-19 outbreak “had a direct negative impact […]

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GE, Siemens, Utilities Take Hits From Coronavirus

Credit to Author: Darrell Proctor| Date: Mon, 27 Apr 2020 17:03:05 +0000

The post GE, Siemens, Utilities Take Hits From Coronavirus appeared first on POWER Magazine.

Lincoln-Project-Combustion-Gas-Turbine-Delivery-Siemens

U.S. power plant operators continue to change procedures at their facilities, including pushing back scheduled maintenance, due to lockdowns and quarantines associated with the coronavirus pandemic. The changes are impacting companies such as General Electric (GE) and Siemens, which are major service providers to power plants, at a time when these global companies already are […]

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GE Shelves Plans to Spin-Off Digital Business

Credit to Author: Sonal Patel| Date: Mon, 04 Nov 2019 14:34:42 +0000

The post GE Shelves Plans to Spin-Off Digital Business appeared first on POWER Magazine.

GE will retain its lucrative digital business—not spin it off, as had been planned—but it will sharpen the division’s focus on four key markets, including electric utilities and power generation, GE Digital CEO Pat Byrne told customers in an Oct. 31 letter. “I want to affirm that GE Digital is staying in GE,” Byrne wrote. […]

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Report says Canada needs to close its immigrant wage gap

Credit to Author: Canadian Immigrant| Date: Mon, 28 Oct 2019 20:19:59 +0000

A report released in the Fall by RBC Economics, Untapped Potential: Canada Needs to Close its Immigrant Wage Gap finds that while Canada is drawing in some of the best and brightest, with the focus on highly skilled, educated immigrants, their integration falls short on one key measure, earnings. And, this gap has widened over […]

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