- (PLX AI) - Vestas shares slipped a little more than 1% in early trading after analysts at Kepler Cheuvreux cut their recommendation to reduce from hold, citing weak order volumes.
- • Vestas has managed to raise the price of new orders by 20% in the second quarter to levels not seen in a decade, Kepler said
- • This will soften the impact of the cost pressure, while supply chain tensions have stabilized, the analysts said
- • However, 12 months of weak order volumes means 2023 is likely to be a year without growth in the Power Solutions unit, Kepler said
- • It's increasingly challenging for Vestas to boost order volumes in Europe and the Americas during 2023, Kepler said
- • Price target cut to DKK 155 from DKK 168
© 2022 PLX AI
