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!



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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, what they're doing for GE is based on a lot of like legacy design and technology work. And it's just churning out the, the, I'll call it the mundane technology from, 15 years ago. The work that they're doing for Nordex is interesting because they're doing a lot of the newer blades and a lot of the newer designs but it's still on a build to print basis.



Meaning that, I think they're not able, and they've got a lot of smart and talented people there, but they're not able to really demonstrate to the market that they've got more capabilities because they're being so hamstrung by, These quality issues that they've had with Nordex and GE and other customers in the past.



They're in a bit of a conundrum and, acquisition could be a pathway out of it. The likeliest thing to happen would be potentially a merger with Ares, a Brazilian blade manufacturing company that's been interested in global expansion, particularly in North America Whether or not that's actually gonna happen.



I don't have any insider knowledge on that one or anything So i...