Siemens Energy shares plunged 31% on Friday morning after the company scrapped its profit forecast.
Wolfgang Rattay | Reuters
Siemens Energy shares plunged 34% by Friday afternoon in Europe after the company scrapped its profit forecast and warned that costly problems at its wind turbine unit could last for years.
The company, born from the spinoff of the former gas and power division of German conglomerate Siemens, announced late Thursday that…