Analyst: Wind price squeeze is just a small trend

Reports from various wind players, including Germany's Nordex, have been impacted by the squeeze on the Indian market and industry uncertainty. However, this does not mean Vestas will not perform well, says an analyst.

Photo: Frank Boutrup Schmidt/Vestas

There is nothing in reports from its foreign rivals to indicate that the Danish wind turbine manufacturer Vestas will be burdened with a price squeeze, according to Michael Friis Jørgensen, Chief Analyst at Alm. Brand Markets, after German wind turbine manufacturer Nordex published its report for the second quarter Thursday morning.

"Looking at the individual elements in Nordex, I believe that things look quite positive for Vestas. But you also need to look out when comparing these companies too much," he tells Ritzau Finans.

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