|Bid||419.20 x 0|
|Ask||419.60 x 0|
|Day's Range||399.10 - 421.00|
|52 Week Range||357.40 - 627.50|
|PE Ratio (TTM)||90.58|
|Earnings Date||Aug 15, 2018|
|Forward Dividend & Yield||9.23 (2.39%)|
|1y Target Est||481.55|
May.04 -- Anders Runevad, chief executive officer at Vestas Wind Systems, discusses the company's first-quarter results. He speaks on “Bloomberg Markets: European Open.”
Denmark will construct three new offshore wind farms with a total production capacity of at least 2,400 megawatts by 2030, a unanimous Danish parliament agreed on Friday. In 2017, 43 percent of Denmark's total electricity consumption was supplied by wind turbines, one of the largest shares in the world. The deal also includes a target for 55 percent of the country's energy to be supplied from renewable sources by 2030, up from a previous goal of 50 percent set by the current government.
Blackrock (BLK.N), the world's largest investment company, bought a 197.4 megawatt(MW) wind farm in western Norway through one of its funds and will cover its construction cost, the firm and the project's previous owner Zephyr both said on Thursday. Zephyr, a Norwegian wind farm developer and operator, will continue to manage the farm's construction, which will cost about 200 million euros ($231.76 million) and is expected to be completed by the end of 2020. The project will be built on the west coast of Norway, close to the city of Floroe and aluminium maker Alcoa (AA.N) will buy the entire electricity produced for a period of 15 years to power its Norwegian based production plants, they said.
Danish wind turbine maker Vestas and offshore services firm Maersk Supply Service are teaming up to tackle the cost of transporting and installing ever larger wind turbines. Vestas and fellow Danish company Maersk Supply Service, part of A.P. Moller-Maersk, said on Thursday the initial focus of the partnership would be on developing a new crane to manoeuvre and install mainly onshore but also offshore wind turbines, some of which stand taller than skyscrapers. "The challenge for the industry is that installation and logistics around the turbines become a greater share of the costs," Bo Svoldgaard, Vestas' head of innovation and concepts, told Reuters.
Let’s talk about the popular Vestas Wind Systems A/S (CPH:VWS). The company’s shares received a lot of attention from a substantial price movement on the CPSE over the last fewRead More...
Wind turbine specialist Vestas has entered into a partnership with Swedish utility Vattenfall and Danish pension fund PKA to build a new 353 megawatt (MW) wind energy project in Sweden. Vestas will provide the development with 84 of its V136-4.2 MW turbines, the business said in an announcement Wednesday. "The cost of renewable energy is going down, which is making the market more competitive and creating new opportunities," Anders Runevad, Vestas' president and CEO, said in a statement.
COPENHAGEN (Reuters) - Swedish utility Vattenfall has brought Danish turbine maker Vestas (VWS.CO) and pension fund PKA onboard as shareholders in what will become one of Sweden's largest onshore wind ...
Anders Runevad, chief executive officer at Vestas Wind Systems, discusses company's earnings and outlook. He speaks with Guy Johnson and Matt Miller on “Bloomberg Markets: European Open.” (Source: Bloomberg)...
By Stine Jacobsen and Jose Elías Rodríguez COPENHAGEN/MADRID (Reuters) - Shares in rival wind turbine makers Siemens Gamesa (SGREN.MC) and Vestas (VWS.CO) fell on Friday as a squeeze on prices caused by ...
MADRID (Reuters) - Siemens Gamesa (SGREN.MC), which overtook Vestas (VWS.CO) last year to become the world's No. 1 wind turbine maker, said on Friday its order book remained steady in the second quarter, ...
Siemens Gamesa (SGREN.MC), which overtook Vestas (VWS.CO) as the world's largest wind turbine maker last year, on Thursday said it won its biggest order to date in India, where a temporary downturn had previously hit the group's profits. The company, formed by the merger of Siemens' wind power unit with Spain's Gamesa, said it had agreed with Sembcorp Energy India (SEBM.NS), the Indian energy arm of Singapore's Sembcorp Industries (SCIL.SI), to build a 300 megawatt wind park. Along with the turbines, Siemens Gamesa will also provide operating and maintenance services for the planned farm, to be located in Gujarat state, western India, which is planned to be commissioned in April 2019.
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.
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.
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 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
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.
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.
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.