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J.P. Morgan’s Analyst Provides Guidance for This Canadian Energy Stock

In a report issued on October 18, Akash Gupta from J.P. Morgan maintained a Hold rating on Siemens Gamesa Renewable Energy, S.A. (GCTAFResearch Report). The company’s shares closed last Wednesday at $25.01, close to its 52-week low of $22.50.

According to TipRanks.com, Gupta is ranked #7595 out of 7704 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Siemens Gamesa Renewable Energy, S.A. with a $29.31 average price target, a 17.2% upside from current levels. In a report issued on October 6, Societe Generale also maintained a Hold rating on the stock with a EUR23.00 price target.

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Based on Siemens Gamesa Renewable Energy, S.A.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.7 billion and GAAP net loss of $314 million. In comparison, last year the company earned revenue of $2.41 billion and had a GAAP net loss of $466 million.

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Siemens Gamesa Renewable Energy SA engages in the provision of renewable energy services. It operates through the Wind Turbine and Operations Maintenance segments. Its products and services include onshore and offshore wind turbines and service wind. The company was founded by Juan Luis Arregui Ciarsolo on January 28, 1976 and is headquartered in Vizcaya, Spain.

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