Gamesa rises on Wednesday after two days in the red

Aug 22, 2013 - Wind power turbine maker Gamesa (MCE:GAM) closed yesterday at EUR 5.597, up 0.9%, on the bourse following two sessions in the red when the firm's shares fell by 8%.

Gamesa grew on the stock exchange after rival Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) said its second-quarter 2013 net loss had expanded to EUR 62 million (USD 82.7m) from EUR 8 million a year ago. Vestas also announced the appointment of Anders Runevad as the group's president and CEO replacing Ditlev Engel as of September 1.

Despite the decline on Monday and Tuesday on the Spanish stock exchange, Gamesa has accumulated a 315% surge since the beginning of February 2013.

(EUR 1.0 = USD 1.334)

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