Vestas Wind Systems AS
VWS: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 623.00 | Bpbmj | Lxcpqkg |
Headwinds To Persist for Wind Turbine Manufacturers Despite Favorable Outlook for New Wind Projects
Business Strategy and Outlook
Vestas will be a beneficiary of the transition to wind energy as all their profits are derived from the sale and servicing of wind turbines. Wind is the optimal energy source to transition to due to its environmental and recently, financial appeal. Wind will also play a key role in securing a country's energy independence. Vestas enjoys a leading position in the onshore wind turbine market and is improving its competitiveness in faster-growing offshore wind.