Vestas Wind Systems A/S

Vestas Wind Systems is an industrial machinery and equipment manufacturing company based in Denmark. Co. is engaged in the production of wind turbines. Co.'s main activities comprise development, manufacture, sale, marketing and maintenance of installations that use wind energy to generate electricity. Co. supplies products, from individual turbines to the delivery of turnkey wind power installations globally. Co. supplies guidance services to its customers in connection with the development, financing and ownership of wind turbine projects. Co.'s main customers are utilities and energy companies.
  • TickerVWS
  • ISINDK0010268606
  • ExchangeNasdaq Nordic Copenhagen
  • SectorAlternative Energy
  • CountryDenmark

Vestas Wind Systems: 1 director maiden bought

A director at Vestas Wind Systems maiden bought 1,640 shares at 917.410DKK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Håkon Astrup ...
  • Joachim Gunell
  • Jørgen Lian
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Ragnhild Støer
  • Rune Majlund Dahl

Northern Lights

Ragnhild Støer

Vestas Wind Systems (Hold, TP: DKK860.00) - More upbeat on 2021e

Strong deliveries drove a significant revenue beat in Q2, but EBIT was hurt by a one-off warranty provision of EUR175m, prompting us to lower our 2020e EBIT by 14%. However, as we expect some spill-over in deliveries to 2021, we have raised our 2021e EBIT by 4%. Vestas exhibited solid execution in spite of pandemic challenges as deliveries and order intake were above consensus. We reiterate our HOLD but have raised our target price to DKK860 (840) on our increased 2021e.

Casper Blom ...
  • Derek Laliberté
  • Jesper Birch-Jensen
  • Jonas Bru Lien

Talking Points - NKT (Buy): Booming backlog

Storytel (Buy) (Post-results): We remain confident in the long-term story 2022e EBITDA increased by 16% Recommendation up to BUY (Hold)

Casper Blom

Vestas Wind Systems - What COVID-19 impact?

Reinstating its pre-pandemic revenue guidance EBIT estimates increased by 5-12% Target price up to DKK 1,000 (910) - BUY

Vestas Wind Systems: 1 director maiden bought

A director at Vestas Wind Systems maiden bought 1,640 shares at 917.410DKK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Ragnhild Støer

Vestas Wind Systems (Hold, TP: DKK860.00) - More upbeat on 2021e

Strong deliveries drove a significant revenue beat in Q2, but EBIT was hurt by a one-off warranty provision of EUR175m, prompting us to lower our 2020e EBIT by 14%. However, as we expect some spill-over in deliveries to 2021, we have raised our 2021e EBIT by 4%. Vestas exhibited solid execution in spite of pandemic challenges as deliveries and order intake were above consensus. We reiterate our HOLD but have raised our target price to DKK860 (840) on our increased 2021e.

Casper Blom ...
  • Derek Laliberté
  • Jesper Birch-Jensen
  • Jonas Bru Lien

Talking Points - NKT (Buy): Booming backlog

Storytel (Buy) (Post-results): We remain confident in the long-term story 2022e EBITDA increased by 16% Recommendation up to BUY (Hold)

Casper Blom

Vestas Wind Systems - What COVID-19 impact?

Reinstating its pre-pandemic revenue guidance EBIT estimates increased by 5-12% Target price up to DKK 1,000 (910) - BUY

Casper Blom

Vestas Wind Systems - Big warranty provision, but underlying better

EUR 175m warranty provision burdens Q2 EBIT Reinstates its original revenue guidance Positive indications for 2021-22e margins

Casper Blom

Vestas Wind Systems - Heads-up for report 11 August

Vestas will report Q2 on Tuesday 11 August. A conference call will follow at 10:00 am, dial-in: 4, or ; pin code: 75495841#

Håkon Astrup ...
  • Joachim Gunell
  • Jørgen Lian
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Ragnhild Støer
  • Rune Majlund Dahl

Northern Lights

Helene Kvilhaug Brøndbo ...
  • Jon Masdal
  • Jørgen Lian
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Frank Maaø
  • Joachim Gunell
  • Jørgen Lian
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Vestas Wind Systems – AGM 07 April 2020

In general, Vestas Wind Systems ("Vestas") is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEMS 4a-4h the (re-)election of the board of directors is proposed.   In view of concerns over aggregate time commitments, ECGS normally would have recommended to vote OPPOSE to the (re-)election of: Mr. Bert Nordberg (ITEM 4b), Mr. Carsten Bjerg (ITEM 4d) and Ms. Eva Berneke (ITEM 4e). However, considering that the proxy card does not permit this, it recommends abstention instead.   Under ITEM 6 the board of directors...

Expert Corporate Governance Service (ECGS)

Vestas Wind Systems April 03rd, 2019

In general, Vestas is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 4.2a, it is proposed to re-appoint Mr. Bert Nordberg as Chairman of the board of directors. Although he is considered independent, ECGS notes that Mr. Nordberg is currently chairing the Company's nomination- and remuneration committee, which is not in accordance with its guidelines. ECGS furthermore notes a lack of female representation (25%) on the board and based on its guidelines the re-election of the chairman of the nomination committee is ...

Vestas Wind – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 03/04/2018

In general, Vestas is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEMS 4.2a-4.2i, the (re-)election of the board of directors is proposed. ECGS has concerns over the aggregate time commitments of Mr. Bert Nordberg (ITEM 4.2a) and Mr. Henrik Andersen (ITEM 4.2d). Therefore, ECGS normally would haverecommended opposition. However, considering that the proxy card does not permit this, it recommends abstention instead. Under ITEM 6, the board of directors proposes to re-appoint PricewaterhouseCoopers as the Company

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