Vestas Wind Systems A/S
VWS: XCSE (DNK)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| DKK 161.00 | Ztnm | Swzdqwqr |
Vestas Reports Weak First Quarter and Lower 2022 Guidance; FVE Maintained
Business Strategy and Outlook
Vestas Wind Systems has successfully maintained a leading position in the onshore wind turbine market. More importantly, Vestas has been more selective of projects, which do not meet its profitability hurdle, and this has ensured industry-leading profitability and better management of higher raw material prices than competitors. We believe Vestas is well placed to benefit from the structural trend toward decarbonization despite an uncertain short-term regulatory environment and record high raw material costs