Vestas opens lower on Friday, which is nothing compared to rival Siemens Energy’s 36% drop following executive announcement of scrapping profit guidance due to extensive component failure rate.

All totaled, Siemens Energy stands to direct EUR 1bn towards ensuring the onshore turbine quality.

Vestas dips 5.3% to a share price of DKK 182.70 (EUR 24.52).

However, Siemens Energy’s agonies could bode well for Vestas’ chances of snatching more orders and elevating prices.

”Either way, this would generate a more lenient competitive environment for Vestas.”

”But most investors’ gut feeling is that Vestas stocks are destined to drop this morning,” says head of share analysis at Sydbank, Jacob Pedersen.

Vestas has also announced failure rates from time to time without ever coming near of the Siemens Energy scope.

”And I’m fairly confident that Siemens Energy’s focus towards mending the failure rates will pinion Siemens Energy’s competitive edge for some time at the benefit of Vestas.”

”It will also make the issue of price hikes to ensure improved profitability even more urgent,” says Jacob Pedersen.

Other industry stakeholder might thus stand to gain from this, says Pedersen.