Wind turbine manufacturer Vestas surprised everyone on the last trading day of 2017 by booking close to a tenth of the year's total order intake. However, despite the impressive order pipeline, the company's shares have since declined, surprising analysts.
"For me it is difficult to find an explanation for the decline. I was impressed by the order pipeline and wondered why investors did not put value on the fact that the order intake was so much better than expected," said chief share analyst Jacob Pedersen from Sydbank, who after the order flow opted to increase the share recommendation to "BUY" from a previous "WAIT."
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