Sydbank: Order comeback for Vestas in Q2

After a "less impressive" order intake in the first quarter, Vestas has made a comeback in Q2.

Photo: Xcel Energy

Jacob Pedersen, share analyst at Danish bank Sydbank, has forecast an order comeback for Vestas. He explains that it "gives confidence that Vestas can also deliver a solid order intake in 2018."

In the second quarter, Vestas managed to publish 19 new orders with a total 2,696 MW capacity, 38 percent more than in the same quarter last year. Besides the announced orders, he expects "unannounced" orders of approximately 500 MW in the quarter.

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