News Flash: Suzlon Soars While Siemens Energy, TPI Composites Tumble

Brace yourself, wind energy investors - the latest episode of News Flash brings turbulent forecasts for major industry players. Hosts Allen Hall, Phil Totaro, and Joel Saxum dive into the factors whipping up stock storms for turbine titans Siemens Energy and TPI Composites. Quality control issues have shredded share prices, leaving the companies listing and analysts speculating about potential mergers or acquisitions to stay afloat. But while most wind stocks are trapped in a downdraft, the hosts spy one high flier: Indian firm Suzlon Energy. Its shares have soared 150% thanks to slashed debt and new global partnerships. Will the coming months bring sunny skies or more dark clouds for wind energy? Tune in to find out! Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com News Flash Oct 9, 2023 Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech. And I'm here with the founder and CEO of Intel store, Phil Totaro and the chief commercial officer for Weather Guard Lightning Tech, Joel Saxum. And this is your News Flash. So if you check your stock portfolio lately, you may have noticed two things in there. Siemens Energy and TPI composites are not doing that well. There's some real worry on the street about TPI composites. It has remained stagnant. It lost a lot of its value when they announced some quality issues a few months ago. And the stock prices continue to slowly drop, and obviously Siemens Energy is in the same boat. They, when they announced the quality issues the stock price roughly dropped in half and it has been slowly sinking since then. These are two major players in windfill that have immediate value in the marketplace and we need them to be hanging around. But the market and the holders of these stocks and the general industry is saying, This, they are not gonna have a good six months here. That there is not anything that's gonna radically change. And it's almost like they're starting to short the stocks and think maybe there's an acquisition in their future. That's what it appears like to me right now. What do what say  Phil Totaro: It's interesting. I don't know that acquisitions are necessarily the pathway out for either company. TPI is an interesting case because they are. largely at this point an outsourced manufacturing capability. They're mostly building to print blades from GE and Nordex at this point. And they're,