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59
NEW - Siemens Energy stock collapses as its loss-making wind turbine unit needs €1 billion to fix faults in installed turbine components. (twitter.com)
posted 1 year ago by brain_dead 1 year ago by brain_dead +59 / -0
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– TNBanjoMan 3 points 1 year ago +3 / -0

The market is basically rational and can be viewed as a bellwether, both for the economy in general and for individual corporations like Siemens, Disney, Target, etc. The market is rarely wrong, but PR statements and politicians are rarely right.

This chart right here, while showing the decline of Siemens' stock, could also be read as the current condition of Green Energy in general... it's a bad investment.

Another indicator I keep an eye on is the daily spot prices for silver and gold. If we see a sudden rise in these metals, something is happening in the economy.

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– brain_dead [S] 2 points 1 year ago +2 / -0

I believe their "Green Agenda" has failed. I am waiting for the rise of gold and silver also.

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– davidchapman 2 points 1 year ago +2 / -0

Siemens Energy faces a significant setback as its loss-making wind turbine unit requires €1 billion to address faults in installed turbine components, causing a collapse in the company's stock. But who cares?!...

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– brain_dead [S] 1 point 1 year ago +1 / -0

Siemens used to be an excellent company when I was still trading stocks.

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– Weneverleft 2 points 1 year ago +3 / -1

Kek, Q. How much oil is used in each wind turbine? Hahaha. How eco friendly is that. How often do you need to change the oil. Green energy is not green it's made from coal and oil. Your just hiding the fact that it's not green. BTW, birds are being killed at alarming rates due to the blades. This whole thing is a failure. Watch the video of used blades being buried in the ground. Massive dump sights and no way to break down the decayed used blades. Let's just bury them. How toxic is that.

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– brain_dead [S] 1 point 1 year ago +1 / -0

I know about how bad they are. California and Washington (which I used to live) have seen their ugliness and uselessness. Tons of money went into it and only last 10 years.

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– LBTrumplican2 2 points 1 year ago +2 / -0

u/#q1595

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– brain_dead [S] 1 point 1 year ago +1 / -0

Do you think it might be July 2023?

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– FiveDogs 1 point 1 year ago +1 / -0

That 35℅ drop comes out of 401k deposits, managed by black rock and others, then they take 401k funds and buy more Siemens stock, cause it is down. But stock is going up because " break through" reported by media(also controlled by black rock).

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– brain_dead [S] 1 point 1 year ago +1 / -0

Play stupid games, win stupid prize. From June 23, loss another 5 percent. That's Germany's power, by the way, see a problem?

https://twitter.com/DeepBlueCrypto/status/1650620886855176192/photo/1

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