Rating Alert: HSBC Securities Maintains Gamesa SA (OTC:GCTAF) as Buy

November 30, 2016 - By Ellis Scott

Rating Alert: HSBC Securities Maintains Gamesa SA (OTC:GCTAF) as Buy

Gamesa SA (OTC:GCTAF) Rating

Today, HSBC Securities reconfirmed their Buy rating on Gamesa SA (OTC:GCTAF)‘s stock in a research report made public.

The stock increased 2.72% or $0.55 on November 29, hitting $20.88. About 1,084 shares traded hands. Gamesa Corporacion Tecnologica SA (OTC:GCTAF) has risen 9.72% since April 27, 2016 and is uptrending. It has outperformed by 4.49% the S&P500.

Gamesa Corporacion Tecnologica SA is a Spain firm engaged in the renewable energy equipment manufacture. The company has a market cap of $5.68 billion. The Firm specializes in the promotion and development of wind farms, as well as the engineering, design, production and sale of wind turbines. It currently has negative earnings. The Company’s activities are divided into two business divisions: Wind Turbines and Operation and maintenance .

More notable recent Gamesa Corporacion Tecnologica SA (OTCMKTS:GCTAF) news were published by: Wsj.com which released: “Gamesa, Siemens to Combine Wind- Turbine Businesses” on June 17, 2016, also Wsj.com with their article: “Siemens, Gamesa Near Wind-Power Deal” published on June 15, 2016, Wsj.com published: “Siemens, Gamesa Link-Up Hit by Delay” on March 04, 2016. More interesting news about Gamesa Corporacion Tecnologica SA (OTCMKTS:GCTAF) were released by: Marketwatch.com and their article: “Areva to sell shares in Adwen to Gamesa” published on September 15, 2016 as well as Wsj.com‘s news article titled: “Siemens Is in Talks With Spain’s Gamesa on Link-Up in Wind Energy” with publication date: January 29, 2016.

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