Raising Our Fair Value As Short-Term Profitability at Vestas Improves; Shares Remain Fairly Valued

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 energy is the optimal energy source to transition to thanks to its environmental, financial and ability to provide energy independence. Vestas enjoys a leading position in the onshore wind turbine market and is improving its competitiveness in faster-growing offshore wind.