Streetbeat News

VWDRY

Vestas Wind Systems AS

https://www.vestas.com/

CEO

Henrik Andersen

Open

4.31

Mkt cap

13B

Volume

52K

High

4.38

P/E Ratio

218.00

52-wk high

10.62

Low

4.31

Div yield

N/A

52-wk low

4.31

Vestas is showing signs of recovery after facing challenges like declining margins and COVID impacts. With expected revenue growth and improved EBIT margins by 2025, the company is poised for a strong performance, supported by record order backlogs and strong offshore orders.

Portfolio Pulse from

December 19, 2024 | 8:45 pm

Vestas has secured a 1.1 GW order for the Inch Cape Offshore Wind project in Scotland, a joint venture between ESB and Red Rock Renewables.

Portfolio Pulse from

December 13, 2024 | 8:45 am

Vestas Wind Systems plans to cut hundreds of jobs at its Isle of Wight factory as it repurposes the site to manufacture onshore turbine blades.

Portfolio Pulse from

December 11, 2024 | 2:00 pm

Vestas announced that its CFO, Hans Martin Smith, will step down by the end of 2024. The company is actively searching for a replacement.

Portfolio Pulse from

December 04, 2024 | 8:15 am

Vestas, a leading wind turbine manufacturer, reported a third-quarter operating profit that fell short of expectations. The company also indicated that its operating profit margin for the year would be at the lower end of its forecasted range.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Clean energy jobs in the U.S. grew at twice the rate of overall jobs in 2023, driven by policies and investments in infrastructure and inflation reduction. The solar and wind sectors saw significant job growth, and unionization rates in clean energy surpassed the overall energy sector. Stocks of clean energy companies and related ETFs showed mixed performance.

Portfolio Pulse from Michael Juliano

August 28, 2024 | 2:51 pm

The US manufacturing sector, once a foundational sector, is seeing a potential resurgence driven by the demand for sustainable and green manufacturing. Companies like Tesla and Vestas are leading the way with their sophisticated and technical manufacturing capabilities. Stellantis NV has also made significant strides by opening a state-of-the-art auto plant in Detroit. The Tema American Reshoring ETF is a thematic fund dedicated to investing in companies driving this trend.

Portfolio Pulse from Johnny Rice

October 26, 2023 | 3:36 pm

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