Wind catches the solar sickness

The wind sector, led by Vestas, is facing the same problems as the solar PV industry – a chronic oversupply crippling margins and placing manufacturers under severe strain. But there is a silver lining.

Solar is not the only sector where companies with quality products – such as Suntech and Q-Cells – are being hurt by a systemic oversupply. Leading wind turbine maker Vestas is also suffering severe difficulties, as explained in these charts of the week taken from research by Daniel Patterson of Nordic investment bank SEB Enskilda.

The chart below illustrates Vestas’ share price plummeting over the past 12 months, both in absolute terms and also relative to the broader Danish stock market.

Vestas Share Price Performance – 12 months to August 2012


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles