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Deutsche Bank lowers Siemens Energy target price on new wind turbine report - Recharge

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Deutsche Bank lowers Siemens Energy target price on new wind turbine report | Recharge

Deutsche Bank has lowered the target price for Siemens Energy shares following a Bloomberg report that the company’s Siemens Gamesa unit is considering designing a completely new turbine to replace its troubled 5.X platform as one option to fix ongoing troubles at its onshore business.

“If confirmed, this would be a major blow. It would be very costly (up to €1bn [$1.06bn]?)

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