European wind turbine manufacturing giants like Denmark’s Vestas Wind Systems A/S (VWS), Germany’s Nordex SE (NDX1) and Gamesa Corp. Technologica SA (GAM) are in for a nice year, with profit recouping predicted after years of losses and shutdowns. For the first time since 2010, these European wind turbine manufacturers are poised to register pretax profits, and investors are already driving shares up in anticipation. According to Bloomberg, shares in Vestas, Nordex and Gamesa have jumped around 220% this year on forecasts. Things…
via OilPrice.com Daily News Update http://oilprice.com/Alternative-Energy/Wind-Power/Good-News-for-Wind-Turbine-Manufacturers.html
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