Vestas Wind Systems to See Strong Growth Momentum in the Americas

Danish wind turbine manufacturer Vestas Wind Systems (CPH: VWS) is projected to see increased sales in the Americas, driven by a rise in the number of orders the company has received in the region. In December 2023, Vestas secured a 1,089 MW order from Pattern Energy in the U.S. This is Vestas’ largest order to date in the U.S. market and its largest single onshore project globally. Apart from Pattern Energy, Vestas has also secured several other orders in the U.S., with turbine delivery for a majority of these orders planned to begin in 2025. According to Visible Alpha consensus, between 2023 and 2026, Americas sales are projected to grow at a CAGR of 17%, while deliveries are estimated to grow at a CAGR of 20%.

Sector: Industrials
Industry: Heavy Electrical Equipment
VA Ticker(s): VWS_DK