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



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