EnergyWatch

Banks predict Vestas will beat historic share record

After the release of its interim report, two financial institutions have now increased Vestas price targets beyond a 2008 record share price.

Photo: Frank Boutrup Schmidt/Vestas

Vestas' CFO Marika Fredriksson spent Friday, the same day as the release of the interim report, selling shares at her employer for DKK 11.1 million (EUR 1.49 million) at a DKK 610 share price. The announcement comes shortly after head of technology Anders Vedel and several board members capitalized on parts of their shareholdings.

From a financial  perspective, this may not have been the most sound decision. Shares rose by 5.1 percent to a price of DKK 621 (EUR 83), while several financial institutions are further increasing their expectations.

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