Analyst says offshore wind success could raise Vestas stock

"We cannot rule out that Vestas’ offshore ambitions could flounder even though we expect the opposite," says chief analyst.

Photo: Illustration: Vestas

If Vestas manages to find success on the offshore wind market, it could be the spark needed for the OEM's equity potential to unfold, notes Danish bank Sydbank, maintaining its buy recommendation of the stock.

The stock rating is based on the fact that price has dropped 22 percent in total this year, making the stock ‘cheaper’, but not ’cheap’.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs