↘️Siemens Energy (SMNEY): The spinoff of the German industrial giant withdrew its fiscal-year profit guidance and said it could cost upward of 1 billion euros, equivalent to around $1.1 billion, to fix issues related to wind-turbine component failures in its Siemens Gamesa subsidiary. Shares tumbled more than 30% in European trading, following a 14% selloff in U.S.-listed shares Thursday.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-23-2023/card/stocks-to-watch-3m-siemens-energy-gsk-carmax-adqoyGgK4sV5v3XEHm7r?siteid=yhoof2&yptr=yahoo