Vestas: Headwinds Shifting To Tailwinds [Seeking Alpha]
VESTAS WIND SYS UNSP/ADR (VWDRY)
NASDAQ:AMEX Investor Relations:
vestas.com/en/investor
Company Research
Source: Seeking Alpha
Vestas: Headwinds Shifting To Tailwinds Feb. 6, 2020 3:22 PM ET | About: Vestas Wind Systems A/S (VWDRY) by: Steve Zachritz Growth, long-term horizon, commodities, oil & gas Z4 Energy Research Summary Vestas reported strong 4Q19 results highlighted by record order intake and a record turbine+service backlog. Vestas 2020 guidance was ahead of Street for revenue and in line for margins; we see upside potential for margins with management taking a conservative initial tack. Vestas checks all the boxes for your ESG investing needs. This is a Z4 Research quick post quarter update. Please see our prior background piece on Vestas ( OTCPK:VWDRY here here. The 4Q Numbers: Beat on Record Revenues Backlog Moves Further Into Record Territory: Favorite Quote Watch: Wind energy manifested its position as a leading global energy source in 2019, driving Vestas' order intake to a record 17.9 GW, 20 percent growth in revenue and expected high activity levels in the coming years. In an extraor
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