Vestas Wind Systems: Profitability Still An Issue But The Future Looks Brighter

Dec. 11, 2022 11:16 PM ETVestas Wind Systems A/S (VWDRY), VWSYF4 Comments
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  • Vestas Wind Systems Q3 new orders for wind turbines are down 49% year-on-year.
  • Service revenues are up 32% year-on-year.
  • Profitability is still an issue, but 2023 looks brighter.
  • In this article, I'll explain why Vestas current stock price represents an entry point that could provide a significant upside.

vista grandangolare di un campo di girasole in una giornata limpida e turbina eolica sullo sfondo blu del cielo.

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Some weeks ago, Vestas Wind Systems (OTCPK:VWDRY, OTCPK:VWSYF) announced its Q3-2022 earnings with results that were below analysts’ expectations and guidance for FY2022 that was revised downward. In this article, I will provide a review

Data by YCharts

Vestas Wind Systems target price


This article was written by

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Analyzing investment opportunities in EU and US

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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