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GCTAY - Vestas Is A Wonderful Company But It Is Trading At An Absurd Valuation
Siemens Gamesa Renewable Energy SA ADR
Vestas is the world leader in wind energy systems and it operates at a global scale.
Wind energy is growing rapidly as the world needs to transition to renewable energy sources to have any chance of preventing the worst possible outcomes from climate change.
Despite liking the company we cannot justify purchasing shares at what seems to us an absurdly rich valuation.