Kevin Wilde April 20, 2018 Idea Exchange

Vestas Wind Systems A/S (OCSE:VWS)

Opportunity Summary: Vestas holds the top position among wind turbine manufacturers. The industry has attractive economics (high ROIC) and long-term growth prospects; wind as an energy source has crossed the threshold of being able to compete with fossil fuels without the aid of subsidies. Vestas (>16% market share in cumulative capacity & new builds), Siemens Gamesa (~15% market share), and GE (~12% market share) are the dominant players.  Due to scale advantages and cost cutting initiatives started in 2011, Vestas has the best EBIT margin...

This content is for Regular Membership and Annual Membership members only. Please login or register to view our content.
Log In Register
Share: