Vestas Turns Around With Buyback and Resilient Q3

3 months ago

Khloe Mele

"the Danish wind developer of course they're surging after it announced this 150 million euro buyback and the resilient third quarter numbers were also uh quite wellreceived so that is really reassuring um investors that the turnaround at that company is working and starting to pay off part of the strategy was to raise prices and only supply turbines to the most profitable uh projects and that seems to have been working quite well for them"

Vestas is showing strong performance driven by a €150 million buyback and resilient Q3 results, which supports its turnaround strategy of prioritizing profitable turbine projects.