VWS.CO - Vestas Wind Systems A/S

Copenhagen - Copenhagen Real Time Price. Currency in DKK
416.30
+6.30 (+1.54%)
As of 12:11PM CEST. Market open.
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Previous Close410.00
Open410.70
Bid416.30 x 0
Ask416.40 x 0
Day's Range410.20 - 418.20
52 Week Range357.40 - 632.50
Volume252,164
Avg. Volume1,166,530
Market Cap83.942B
Beta1.06
PE Ratio (TTM)80.60
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield9.23 (2.20%)
Ex-Dividend Date2018-04-04
1y Target EstN/A
  • Reuters2 days ago

    Spending on European wind projects seen rising to $28.7 bln in 2018

    Investment in new European wind farms and equipment is expected to increase this year after a sharp drop in 2017, helped by several large project auctions, according to a major industry body. Spending is forecast to rise 4 percent to 23.2 billion euros (£20 billion), WindEurope said in its financing report, after a 19-percent decline in 2017 due to a sector shift towards competitive tender-based auctions and away from subsidies. "Both 2016 and 2017 have been transitional years for the wind sector," WindEurope said.

  • Reuters15 days ago

    Siemens seeks to end Siemens Gamesa stand-off with Iberdrola

    FRANKFURT/MADRID (Reuters) - Siemens (SIEGn.DE) sought on Wednesday to end a row with Spanish utility Iberdrola (IBE.MC) over the running of Siemens Gamesa (SGREN.MC), the world's second-largest wind turbine maker. Iberdrola is unhappy with Siemens' influence over Siemens Gamesa following a merger last year which left it with 8.1 percent and Siemens with 59 percent of the combined firm. The conflict came to a head at Siemens Gamesa's annual general meeting last month when several motions by Iberdrola, which was previously Gamesa's top shareholder, were dismissed.

  • Reuters15 days ago

    Vestas taps car battery know-how for wind power storage

    The world's largest wind turbine maker Vestas is tapping into experience from the car battery industry to try to address the challenge of using erratic wind and solar energy to meet a growing share of power demand. Energy storage is becoming increasingly important as production of renewable energy rises, because the wind might not blow or the sun shine during the peak hours when most consumers turns on their lights and appliances. In order to bring down cost of renewable energy and help grid operators balance intermittent output, Vestas last year said it would work to combine wind, solar and battery storage technology.

  • The Ultimate Renewable Energy Hybrid
    Oilprice.com19 days ago

    The Ultimate Renewable Energy Hybrid

    The consolidation of both solar and wind in a seamless sequence may prove to be a nice complement to other advances in hybrid renewable energy technology

  • Thomson Reuters StreetEvents19 days ago

    Edited Transcript of VWS.CO earnings conference call or presentation 7-Feb-18 9:00am GMT

    Q4 2017 Vestas Wind Systems A/S Earnings Call

  • GE Looks Offshore With World's Most Powerful Wind Turbine
    Motley Foollast month

    GE Looks Offshore With World's Most Powerful Wind Turbine

    A new 12 megawatt wind turbine could power 16,000 homes by itself.

  • Wilbur Ross ‘Positive’ on Efforts to Save Vestas From Tariffs
    Bloomberglast month

    Wilbur Ross ‘Positive’ on Efforts to Save Vestas From Tariffs

    Denmark is hoping planned U.S. tariffs won’t hit Vestas Wind Systems A/S, whose American operations rely on steel imports to build turbines.

  • Reuters2 months ago

    GE to develop world's largest wind turbine in France

    General Electric (GE.N) plans to invest more than $400 million (290.61 million pounds) over the next three to five years to develop the world's biggest offshore wind turbine, which will have a capacity of 12 megawatts and stand 260 metres (853 feet) tall. "We want to lead in the technologies that are driving the global energy transition," CEO John Flannery said. GE Renewable Energy will develop and manufacture the new turbine largely in France and aims to supply its first nacelle, - or power generating unit - for demonstration in 2019 and ship the first turbines in 2021.

  • Forbes2 months ago

    European Wind Turbine Manufacturers Face Balance Sheet Test, Could Turn To Midwest For Stability

    Wind power installations in Europe surged in 2017, driven by a frantic investor push to complete projects eligible for feed-in-tariffs before new European state-aid regulations put an end to buoyant subsidies.

  • Reuters2 months ago

    Chasing Vestas, Siemens Gamesa targets $2.5 billion in cost cuts

    MADRID/FRANKFURT (Reuters) - The world's No. 2 maker of wind turbines, Siemens Gamesa (SGREN.MC), flagged 2 billion euros (1.78 billion pounds) in cost cuts by 2020, hoping to close a margin gap with bigger rival Vestas (VWS.CO). Wind turbine manufacturers are facing relentless pricing pressure globally, as governments slash subsidies for renewables to force them into competition with conventional energy sources, including coal and gas. Siemens Gamesa, the result of a merger between Siemens' (SIEGn.DE) wind power business and Spain's Gamesa completed last year, is betting on size and a more focused product portfolio to weather the crisis.

  • Reuters2 months ago

    Siemens Gamesa to cut costs by 2 billion euros by 2020

    MADRID/FRANKFURT (Reuters) - Siemens Gamesa, the world's No.2 maker of wind turbines on Thursday it would reduce costs by about 2 billion euros (£1.78 billion) by 2020, hoping this will help it narrow a margin gap with larger rival Vestas. Presenting its new three-year business plan at a capital markets day, Siemens Gamesa said it would raise its margin on earnings before interest and tax (EBIT) to 8-10 percent by 2020, up from the 7-8 percent it expects for this year. The group's announcement comes a week after Denmark's Vestas unveiled its ambitious outlook, forecasting an EBIT margin of 9-11 percent in 2018, with a mid-term target of 10 percent.

  • EU wind funding down a fifth to $27.4 billion in 2017 - WindEurope
    Reuters2 months ago

    EU wind funding down a fifth to $27.4 billion in 2017 - WindEurope

    Spending on new wind capacity in Europe hit a three-year low in 2017, according to industry group WindEurope, in a sign that the sector is slashing costs and becoming more efficient as governments phase out lavish subsidies. Investments into new onshore and offshore wind projects fell to 22.3 billion euros (£19.8 billion) across the European Union, down 19 percent from a record 27.5 billion in 2016 and also lower than the 26.2 billion in 2015, WindEurope said in its annual statistics. Europe is home to a large number of leading players in the global wind power sector, be it project developers or equipment manufacturers, including Vestas, Orsted, Siemens Gamesa, EnBW and Nordex.

  • Reuters2 months ago

    Focus: Vestas bets on geared turbines to propel it to margin goal

    Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday. The world's biggest turbine maker said it targeted a operating profit margin of 9-11 percent in 2018. One of the main reasons Vestas expects to hit that goal, two sources close to the Danish company told Reuters, is its exclusive focus on manufacturing turbines that use a gearbox to amplify the energy transmitted from the rotor to the generator, and its rejection of rival direct-drive technology.

  • Reuters2 months ago

    FOCUS-Vestas bets on geared turbines to propel it to margin goal

    Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday. One of the main reasons Vestas expects to hit that goal, two sources close to the Danish company told Reuters, is its exclusive focus on manufacturing turbines that use a gearbox to amplify the energy transmitted from the rotor to the generator, and its rejection of rival direct-drive technology. This strategy diverges from its major competitors who either manufacture both or focus solely on direct-drive turbines, where the rotor directly drives the generator.

  • World's Biggest Wind Turbine Maker Pivots to Solar and Batteries
    Bloomberg2 months ago

    World's Biggest Wind Turbine Maker Pivots to Solar and Batteries

    Vestas Wind Systems A/S will offer solar power and storage, allowing the world’s biggest turbine maker to sell hybrid renewable plants that generate electricity around the clock.

  • Reuters2 months ago

    Wind turbine maker Vestas eases worries about lower margins

    Vestas (VWS.CO) forecast a modest decline in profit margins and steady sales on Wednesday, easing investor worries about the impact of growing competition and falling government subsidies on the world's biggest wind turbine maker. "It is a sigh of relief," said Sydbank analyst Jacob Pedersen, echoing other analysts who pointed to better-than feared guidance for both 2018 and the longer term. Vestas said it expected its 2018 operating profit margin to fall to 9-11 percent on sales of 10-11 billion euros ($12.4-$13.6 billion), compared with last year's margin of 12.4 percent and sales of 10.0 billion.

  • Reuters3 months ago

    Cyclical reversal dents European shares as results roll in

    By Helen Reid and Danilo Masoni LONDON (Reuters) - European shares fell back on Tuesday as global markets took a risk-averse turn, with cyclical sectors including mining and financials suffering the sharpest ...

  • Reuters3 months ago

    VW's Scania backs Northvolt's $5 billion Swedish battery plant

    Volkswagen-owned (VOWG_p.DE) truckmaker Scania is to invest 10 million euros in a 4 billion euro (£3.5 billion) project to build Europe's biggest battery cell plant in northern Sweden. Sweden's Northvolt, whose CEO Peter Carlsson used to work for Tesla (TSLA.O), is racing against rivals such as South Korea's LG Chem to set up large-scale battery cell plants across Europe, where automakers and industrial firms have so far been largely reliant on Asian imports. European automakers such as BMW (BMWG.DE), Daimler (DAIGn.DE), Volkswagen and Volvo Car Group are all set to ramp up electric car production in the coming years.

  • New US tariffs will have little impact on our business: Vestas CEO
    CNBC3 months ago

    New US tariffs will have little impact on our business: Vestas CEO

    Anders Runevad said the U.S. decision to impose tariffs on solar cells will have a limited effect on the wind energy firm.

  • Reuters3 months ago

    France sets out plan to double wind power capacity

    France announced a 10-point scheme on Thursday to halve the time it takes to get onshore wind farms up and running and double the amount of electricity generated by turbines by 2023 as part of a plan to reduce its dependence on nuclear energy. The proposals aim to counter opposition from activists who have frustrated the country's attempts to hit renewable energy targets by obstructing wind power projects with appeals at every step of the approval process. Under the Ministry of Ecology's 10-point plan, opponents of wind farms will no longer be allowed to lodge appeals with Administrative Tribunals, a move the government says will reduce the approval process by up to three years.

  • Reuters3 months ago

    Denmark sets record with 43 percent of power from wind in 2017

    Denmark generated close to half of its electricity consumption from wind energy in 2017, setting a new world record as it aims to entirely phase out fossil fuels in its power sector, the country's energy and climate minister said on Thursday. The level of electricity consumption supplied by wind power has set records in the Nordic country nine out of the last 10 years, reaching 43.4 percent last year and surpassing the previous 2015 record of 42 percent. Lilleholt said more offshore wind power would be built before 2030, but declined to say how many megawatts would be put out for tender.

  • Reuters3 months ago

    Wind turbine maker Nordex wins U.S. orders

    Germany's Nordex (NDXG.DE), the world's sixth-largest wind turbine maker, said on Tuesday it had secured three contracts in the United States worth a combined about 820 megawatts (MW) in power capacity. The orders were placed by two international utilities in December, Nordex said, declining to disclose their names. One order is for 67 turbines for a project in Texas, where it previously supplied turbines to Germany's E.ON (EONGn.DE).

  • Reuters3 months ago

    Kenya says major wind power line 70 percent finished, to be complete by June

    A power line linking a 310 megawatt (MW) wind power plant to Kenya's national grid, delayed by landowners' compensation demands and the closure of a major contractor, is expected to be ready in June, the energy minister said on Monday. Wind power provides about 25 MW of electricity in Kenya, which depends heavily on geothermal and hydro power, providing the bulk of the country's total output of 2,341 MW. The 266-mile (428-km), 400-kilovolt power line is critical for the Lake Turkana Wind Power project, to move its electricity from Loiyangalani in the north to Suswa in the centre of Kenya.

  • Reuters4 months ago

    European stocks see faltering start to 2018 as autos weigh

    European stocks faltered at the start of the trading year on Tuesday as autos stocks fell and strength in the euro weighed, while trading was cautious ahead of the launch of a major reform of European Union financial markets. Autos stocks (.SXAP) were 0.1 percent lower, dented by weaker car registrations data. Basic resources stocks also bounced back from early declines with the sector index (.SXPP) rising 1.2 percent.