NewEnergyNews: MARKET LIKES WIND MAKERS

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    Thursday, August 20, 2015

    MARKET LIKES WIND MAKERS

    Vestas Wind beats profit forecast as orders surge to record

    Alex Morales, August 19, 2015 (Bloomberg News via Chicago Tribune)

    “Vestas Wind Systems posted a seventh straight quarterly profit, beating analysts' expectations as orders surged to a record in the first half of the year…The world's biggest wind turbine maker had a net income of 125 million euros ($138 million) in the three months through June 30…That's up from 94 million euros in the same quarter last year and beats the 98 million-euro average estimate of 10 analysts…Shares in wind turbine makers have jumped this year as demand increases from the U.S. and Brazil to India and China. Global wind power installations will jump by a quarter in 2015 to a record 60 gigawatts, Bloomberg New Energy Finance forecasts…Vestas has risen 60 percent this year and is among the best performers in the Stoxx Europe 600 index…The manufacturer raised its forecasts in May and says it expects revenue of at least 7.5 billion euros in 2015…Rival wind turbine makers including Gamesa Corp. Tecnologica SA and Nordex SE also have surged this year as the industry recovered from a slump…” click here for more

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