|Bid||0.00 x 500000|
|Ask||0.00 x 500000|
|Day's Range||18.90 - 19.80|
|52 Week Range||15.74 - 28.08|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Danish wind turbine maker Vestas Wind Systems has leapt to the top of the U.S. wind market, overtaking General Electric in new capacity installed last year, although slower demand growth and doubts over political support could threaten its position. Vestas came back from the brink of bankruptcy just four years ago. Vestas, the world's biggest wind turbine maker, supplied 43 percent of the 8.2 GW of wind power capacity connected to the U.S. power grid last year, the American Wind Energy Association said in a quarterly report.
Wind turbine maker Vestas warned on Wednesday that rapid growth in demand in the industry could be coming to an end after the market leader enjoyed a strong end to last year. Vestas posted record revenue and order intake for 2016 as the Danish company extended its global reach and saw rising demand in the key U.S. market. Vestas and its rivals have been benefiting from a new focus on renewables, encouraged by the Paris Agreement on climate change in Dec. 2015 and a five-year extension of a U.S. Production Tax Credit, a key driver for that market.
Denmark’s minister in charge of energy policy plans to head to the U.S. this year to talk to state representatives in an effort to promote wind energy despite open declarations of hostility toward the ...