Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Siemens Energy said profit margins will swell to as much as 22% by 2030, driven by booming demand for gas turbines and power-grid equipment that more than doubled earnings last year.
- Vestas shares fall as much as 9.4% after the wind energy company posted earnings below expectations for the third quarter. Citi flags a miss on margins within the Power Solutions arm and says the new guidance ranges could lead to consensus cuts at the midpoint.
- CSG shares plunged to the lowest since their January listing after the European arms maker cut its full-year profitability outlook and reported third-quarter revenue that fell short of estimates.