Vestas sees improved wind turbine order momentum

18 days ago

Steven Carroll

"Yeah, absolutely. It seems that the prospects for that wind industry are improving and Vestas will be a big part of that. So, um JP Morgan analysts have said that the company had probably a lot more orders for wind turbines than expected in the fourth quarter. Um so that includes both onshore and offshore projects. It also includes a variety of markets and it would make it the second consecutive quarter of demand coming in above expectations for Vestas. So it seems that there is good momentum going there. Um and it's definitely good news for an industry that's had a really really tough year."

The commentary highlights improved fundamentals for Vestas, citing JP Morgan's observation of unexpectedly high wind turbine orders in Q4 across various markets, suggesting strong momentum in the wind energy sector.

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