Siemens Energy (ENR1n.DE) shares fell for a second consecutive session on Monday, hit by a raft of target price cuts and rating downgrades in the wake of deeper-than-expected problems at its wind turbine division that emerged last week.
It share price was down 3.3% at 1252 GMT, at the bottom of Germany’s blue-chip DAX (.GDAXI) index, taking the group’s loss in market valuation to 7.4 billion euros ($8.1 billion) since it scrapped its profit outlook late on Thursday.
“We are now waiting for the full results of the analysis before drawing any further conclusions,” a spokesperson for the company said in response to a query from Reuters.
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