Edition:
United States

Vestas Wind Systems A/S (VWS.CO)

VWS.CO on Copenhagen Stock Exchange

587.50DKK
18 Aug 2017
Change (% chg)

kr.14.50 (+2.53%)
Prev Close
kr.573.00
Open
kr.577.00
Day's High
kr.593.00
Day's Low
kr.576.00
Volume
1,896,942
Avg. Vol
878,955
52-wk High
kr.632.50
52-wk Low
kr.392.30

Latest Key Developments (Source: Significant Developments)

Vestas Q2 EBIT below forcast, keeps 2017 outlook
Thursday, 17 Aug 2017 02:30am EDT 

Aug 17 (Reuters) - VESTAS ::SAYS SHARE BUY-BACK PROGRAMME EUR 600M SHARE BUY-BACK PROGRAMME LAUNCHED TO ADJUST CAPITAL STRUCTURE..Q2 REVENUE 2,206 MILLION EUROS VERSUS 2,398 MILLION FORECAST IN REUTERS POLL.SAYS VESTAS MAINTAINS ITS 2017 GUIDANCE ON REVENUE OF EUR 9.25BN-10.25BN, EBIT MARGIN BEFORE SPECIAL ITEMS OF 12-14 PERCENT, TOTAL INVESTMENTS* OF APPROXIMATELY EUR 350M, AND FREE CASH FLOW* OF MINIMUM EUR 700M.Q2 EBIT BEFORE SPECIAL ITEMS 279 MILLION EUROS VERSUS 322 MILLION FORECAST IN REUTERS POLL.Q2 ORDER INTAKE 2,667 MW VERSUS 2,501 MW FORECAST IN REUTERS POLL.SAYS THE VALUE OF THE COMBINED BACKLOG OF WIND TURBINE ORDERS AND SERVICE AGREEMENTS STOOD AT EUR 20.2BN – AN INCREASE OF EUR 2.1BN COMPARED TO THE YEAR-EARLIER PERIOD.  Full Article

Vestas wind 99 MW order in China
Friday, 11 Aug 2017 07:36am EDT 

Aug 11 (Reuters) - VESTAS WIND SYSTEMS A/S :VESTAS SECURES 99 MW ORDER IN CHINA FROM CHINA DATANG CORPORATION RENEWABLE POWER CO.THE ORDER INCLUDES 45 V110-2.0 MW TURBINES DELIVERED IN OPTIMISED MODE OF 2.2 MW .IT INCLUDES SUPPLY OF THE TURBINES, SUPERVISION OF TURBINES INSTALLATION AND AN ACTIVE OUTPUT MANAGEMENT 4000 (AOM4000) SERVICE CONTRACT.  Full Article

Vestas says has entered into a conditional agreement with Zuma Energia in Mexico
Tuesday, 8 Aug 2017 11:32am EDT 

Aug 8 (Reuters) - Vestas ::Vestas has entered into a conditional agreement with Zuma Energia in Mexico.Vestas - agreement comprises supply, installation, commissioning of wind turbines, as well as 15-year Active Output Management 5000 service agreement.Vestas - agreed to supply the V136-3.45 MW turbine for the Reynosa III project with a total capacity of 443 MW in the state of Tamaulipas.  Full Article

Vestas says intends to fight General Electric's patent complaint
Wednesday, 2 Aug 2017 09:06am EDT 

Aug 2 (Reuters) - VESTAS SAYS :"IS AWARE THAT GENERAL ELECTRIC CO. HAS FILED A PATENT COMPLAINT IN THE U.S. AGAINST VESTAS AMERICAN WIND TECHNOLOGY, INC. AND VESTAS WIND SYSTEMS A/S." ."WE STRONGLY BELIEVE THAT THE COMPLAINT IS WITHOUT MERIT AND INTEND TO CHALLENGE IT.".  Full Article

Vestas wins 200 MW order in the U.S
Friday, 21 Jul 2017 03:23am EDT 

July 21 (Reuters) - VESTAS WIND SYSTEMS SAYS:FLAT TOP WIND I, LLC PLACES ORDER FOR 200 MW PROJECT IN THE UNITED STATES.THE ORDER INCLUDES A 10-YEAR SERVICE AGREEMENT.DELIVERY IS EXPECTED TO BEGIN IN THE FOURTH QUARTER OF 2017.COMMISSIONING IS PLANNED FOR THE FIRST QUARTER OF 2018.  Full Article

Vestas signs 48 MW contract in the Dominican Republic
Tuesday, 18 Jul 2017 08:00am EDT 

July 18 (Reuters) - VESTAS WIND SYSTEMS A/S SAYS:SIGNS 48 MW CONTRACT IN THE DOMINICAN REPUBLIC.ORDER IS FOR 14 OF ITS V117-3.45 MW TURBINES FOR THE 48 MW LARIMAR II WIND PARK, LOCATED IN ENRIQUILLO REGION OF THE DOMINICAN REPUBLIC.THE ORDER WAS PLACED BY SPANISH BUSINESS GROUP ELECNOR S.A. <<>>.TURBINE DELIVERY IS PLANNED FOR THE FIRST QUARTER OF 2018 WHILST COMMISSIONING IS EXPECTED FOR THE THIRD QUARTER OF 2018 .  Full Article

Vestas receives 302 MW order in the U.S.
Friday, 30 Jun 2017 05:17pm EDT 

June 30 (Reuters) - Vestas :Receives 302 MW order in the USA.Received a firm and unconditional order in USA, comprising 170 v110-2.0 mw turbines, for a total of 302 MW.Delivery of wind turbines is expected to begin in q2 of 2018, with commissioning planned for q4 of 2018.  Full Article

Vestas wins 115 MW order in Sweden
Friday, 30 Jun 2017 08:43am EDT 

June 30 (Reuters) - VESTAS SAYS:RECEIVES FIRM AND UNCONDITIONAL ORDER FOR 32 V136-3.45 MW WIND TURBINES DELIVERED IN 3.6 MW POWER OPTIMIZED MODE.ORDER IS FOR SVARTNÄS WIND PARK, DEVELOPED BY ARISE WITH BLACKROCK AS THE FINAL PROJECT OWNER AND INVESTOR.THE CONTRACT INCLUDES SUPPLY, INSTALLATION AND COMMISSIONING OF THE WIND TURBINES AS WELL AS A 20-YEAR ACTIVE OUTPUT MANAGEMENT 5000 (AOM5000) FULL SCOPE OPERATIONS AND MAINTENANCE SERVICE AGREEMENT.DELIVERY OF THE FIRST TURBINES IS PLANNED FOR THE THIRD QUARTER OF 2018, WHILE COMMISSIONING IS EXPECTED IN THE FOURTH QUARTER OF 2018.  Full Article

Vestas secures 100 MW order in Argentina
Friday, 30 Jun 2017 07:55am EDT 

June 30 (Reuters) - VESTAS SAYS :RECEIVED A FIRM AND UNCONDITIONAL ORDER FROM PARQUE EÓLICO DE BICENTENARIO, A SUBSIDIARY OF PETROQUÍMICA COMODORO RIVADAVIA S.A. (PCR), TO SUPPLY AND INSTALL 28 V117-3.45 MW TURBINES IN THE PROVINCE OF SANTA CRUZ, ARGENTINA.THE ORDER INCLUDES THE SUPPLY AND INSTALLATION OF THE WIND TURBINES AS WELL AS A 10-YEAR ACTIVE OUTPUT MANAGEMENT 5000 (AOM500) SERVICE AGREEMENT .TURBINE DELIVERY IS PLANNED FOR THE FOURTH QUARTER OF 2017 WHILST INSTALLATION IS EXPECTED FOR THE THIRD QUARTER OF 2018.  Full Article

Vestas receives 70 MW order in the United States
Friday, 30 Jun 2017 04:55am EDT 

June 30 (Reuters) - VESTAS WIND SYSTEMS SAYS:EDF RENEWABLE ENERGY ORDERS V110-2.0 MW TURBINES FOR THE COPENHAGEN WIND PROJECT IN UPSTATE NEW YORK.ORDER INCLUDES 10-YEAR SERVICE AGREEMENT.TURBINE NACELLES, BLADES, AND TOWERS WILL BE PRODUCED AT VESTAS' COLORADO FACTORIES WITH DELIVERY EXPECTED TO BEGIN IN THE THIRD QUARTER OF 2018.THE ORDER IS PART OF THE PREVIOUSLY ANNOUNCED GLOBAL MASTER SUPPLY AGREEMENT BETWEEN VESTAS, EDF ÉNERGIES NOUVELLES AND EDF RENEWABLE ENERGY FOR DELIVERIES IN 2016 TO 2019 FROM VESTAS .  Full Article

Photo

Turbine maker Vestas shares drop as price pressures increase

COPENHAGEN Danish wind turbine maker Vestas posted weaker than expected earnings on Thursday and warned of growing price pressures, sending its shares down more than 7 percent.