European Movers: Air Liquid, Gamesa, Generali, Siemens Energy

  • Jun 23, 2022
  • Bridgette Randall
  • Energy companies in Europe declined for the second day in a row. Siemens Energy and Air Liquid announced a venture to work on a green hydrogen project. Gamesa won a wind turbine order from the offshore project located off the coast of Scotland.

    The DAX index fell 1.04% to 13,027.62, the CAC-40 index declined 0.2% to 5,907.52, and the FTSE 100 index dropped 0.5% to 7,055.07.

    Oil companies extended losses after crude oil prices declined 2% in the region.

    In volatile trading BP Plc and Shell Plc traded sideways with a negative bias. 

    Mining companies declined for the second day on the recession worries in the U.S. 

    Antofagasta Glencore, Anglo American declined between 1% and 4%. 

    Siemens Energy dropped 3.2% to 15.27 euros and Air Liquid edged down 0.5% to 129.56 euros after the two companies announced a joint venture to make industrial scale hydrogen electrolyzers. 

    Siemens Gamesa Renewable Energy SA was nearly unchanged at 17.85 euros after the wind turbine maker won an order of 60 turbines to supply Moray West Wind Farm located in Scotland. 

     Assicurazioni Generali gained 0.2% to 19.99 euros after the Italian insurance company announced a group organization structure. 


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