Vestas Wind Systems A/S

Earnings data Q4 2020

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Vestas Wind Systems A/S engages in the business of developing, manufacturing, selling, and maintaining wind power plants. It operates under the Power Solutions and Service segments. The Power Solutions segment focuses on onshore and offshore wind power plants, wind turbines, and development sites. The Service segment is involved in service contracts and spare parts. The company was founded by Smith Hansen and Peder Hansen in 1898 and is headquartered in Aarhus, Denmark.

Finland's Fortum said on Thursday it had settled a dispute with Denmark's Vestas over advance payments it made for equipment for Russian wind park projects that were terminated due to sanctions.

Fortum, Vestas settle dispute over Russian wind energy projects

The wind industry is coming out of a dark period and Vestas is well positioned to benefit from this. Vestas-Mitsubishi Heavy Industries relationship may be important for the expansion of Vestas offshore wind business. China has become a major player in wind power, but the rest of the world is interested to have a presence in the future of wind power.

Vestas Wind Systems Is No Longer Becalmed

Vestas Wind Systems is poised for explosive growth with expected quadrupling of free cash flow by 2026, despite recent negative earnings. Key growth drivers include higher ASPs for new orders, promising offshore wind installations, and steady service revenue with high margins. Risks include inflation, supply chain issues, Chinese competition, and regulatory changes, but Vestas's trajectory suggests potential for sustained profitable growth.

Vestas Wind Systems: Growth With Expanding Margins

Vestas Wind Systems A/S (OTCPK:VWDRY) Q2 2024 Earnings Conference Call August 14, 2024 4:00 AM ET Company Participants Henrik Andersen - CEO Hans Smith - CFO Conference Call Participants Ajay Patel - Goldman Sachs Kristian Tornøe - SEB William Mackie - Kepler Cheuvreux Daniel Haugland - ABG Casper Blom - Danske Bank Akash Gupta - JPMorgan Deepa Venkateswaran - Bernstein Colin Moody - RBC Capital Markets Sebastian Growe - BNP Paribas Vlad Sergievskiy - Barclays Claus Almer - Nordea Ben Heelan - Bank of America Sean McLoughlin - HSBC Henry Tarr - Berenberg Lucas Ferhani - Jefferies Henrik Andersen Good morning and welcome to our Full Presentation of our Q2 and also First Half Reporting for 2024. Clearly, you've seen it from Monday, the negative quarter for service, but also with a solid progress in most other areas.

Vestas Wind Systems A/S (VWDRY) Q2 2024 Earnings Call Transcript

Vestas, the world's number one wind turbine maker, said on Wednesday that writedowns pushed it into a wider loss in the second quarter.

Turbine maker Vestas says losses widened on writedowns

Vestas , the world's largest maker of wind turbines, slightly lowered its full-year profit margin outlook, hit by higher costs in its service business, it said on Monday.

Wind turbine maker Vestas lowers profit margin outlook

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Vestas is a major global wind turbine maker, installer (157 GW) and servicer (149 GW of service contracts), with business in 88 countries. Offshore wind projects in the US, Australia, Brazil are taking shape as the need is recognised for scale up of wind power to address the climate crisis. Oil & gas companies talk down offshore wind and BP exits offshore wind projects.

Vestas: Waiting For The Wind To Blow Offshore

Vestas , the world's largest maker of wind turbines, reported on Thursday a surprise adjusted operating loss for the first quarter hit by lower project deliveries but stuck to its full-year profit margin and sales outlook.

Wind turbine maker Vestas reports surprise Q1 loss as deliveries fall

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Interest rate cuts appear imminent in the coming months, though likely not as soon as March. However, I believe cuts could materialize in the second quarter or sometime thereafter.

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Vestas Wind Systems published its annual report for 2023, titled 'a return to profitability', after a loss-making 2022. Despite razor-thin margins at 1.5% and ongoing struggles in the wind energy industry, Vestas was able to grow its revenue and earnings. Vestas achieved a record order intake of 18.4 GW for the full year and aims to continue building momentum in 2024.

Vestas: A Return To Profitability

Vestas Wind Systems A/S (VWDRY) Q4 2023 Earnings Call Transcript

Vestas shares rose sharply after it posted fourth-quarter profits and revenue above market expectations and said it expected higher sales in 2024.

Vestas Beats Views After Record Orders

Vestas , the world's leading wind turbine maker, reported on Wednesday a forecast-beating fourth quarter operating profit before special items but said it would not pay a dividend for 2023.

Wind turbine maker Vestas' Q4 profit beats expectations, drops dividend

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Vestas Wind Systems (and the rest of the wind industry) is widely ignored. Two major influential global meetings in late 2023 (G20 and COP28) both announced trebling of renewable energy by 2030. This is a very big deal. The G20 and COP28 announcements both covered in detail what has to happen to achieve the massive changes proposed.

Vestas: Time To Invest?

Danish wind turbine maker Vestas plans a second offshore wind turbine plant in Poland to meet growing demand for harnessing wind at sea, it said on Thursday.

Vestas plans second offshore wind plant in Poland

COPENHAGEN, Dec 20 (Reuters) - Danish wind turbine maker Vestas (VWS.CO) on Wednesday said it had signed a supplier agreement for a British offshore wind farm project, and exclusivity agreements for two other projects in Britain with Sweden's Vattenfall.

Vestas, Vattenfall sign supplier agreements for UK offshore wind projects

Vestas Wind Systems A/S is a top stock pick among wind farm equipment manufacturers for analysts at investment bank Citigroup.   Capital goods analyst Martin Wilkie said in a research note on Friday that the investment bank reiterates its confidence in Danish wind turbine maker Vestas ahead of the climate negotiations in Dubai next week.

Vestas a top wind stock pick, says Citi analyst

Renewable energy firms suffered a dire third-quarter earnings season as struggling supply chains, manufacturing faults and rising production costs ate into profits.

Wind power industry in moment of reckoning as stocks fall and earnings crumble

Vestas Wind Systems A/S (OTCPK:VWDRY) Q3 2023 Earnings Conference Call November 8, 2023 4:00 AM ET Company Participants Henrik Andersen - Chief Executive Officer Hans Martin Smith - Chief Financial Officer Conference Call Participants Kristian Tornøe - SEB Ben Heelan - Bank of America Claus Almer - Nordea Sean McLoughlin - HSBC Ajay Patel - Goldman Sachs Henry Tarr - Berenberg Martin Wilkie - Citi Supriya Subramanian - UBS William Mackie - Kepler Cheuvreux Casper Blom - Danske Bank Deepa Venkateswaran - Bernstein Akash Gupta - JPMorgan Daniel Haugland - ABG Sundal Collier Klaus Kehl - Nykredit Sebastian Growe - BNP Paribas Henrik Andersen Good morning, everyone, and welcome to this Vestas Q3 presentation. And let me upfront just thank every stakeholder on this call, not least also our colleagues at Vestas, as this quarter marks Vestas' return to an operational profit for the year for the third quarter.

Vestas Wind Systems A/S (VWDRY) Q3 2023 Earnings Call Transcript

Vestas Wind Systems (ETR: VWS) stock price continued its downward trend as concerns about the wind industry continued. The shares dropped by more than 2% on Wednesday after the surprise earnings report by Orsted.

Vestas Wind Systems (VWS) stock forms a death cross ahead of earnings

It is a challenging time for investors in emerging technologies, but this also means opportunity. The wind turbine industry is challenged but not all players are equally affected. Siemens Energy is challenged by quality and pricing, while Vestas has largely avoided these problems. There are industry-wide issues concerning permitting and supply, although these are being addressed.

News for Vestas Wind Systems A/S Stock (VWDRY)