- Vestas delivered a disappointing top- and bottom-line financial performance for Q1-2021.
- Management maintained full year 2021 guidance despite its close competitor Siemens Gamesa lowering its FY in face of same challenges.
- Order backlog is significantly stronger year-on-year and renewables is still full steam ahead.
- Trading 3% up intraday on what appears to be a relief rally considering a combined 10%+ drawback in stock price so far this week.
- Despite a strong runway for wind renewables, I think the potential investor must be able to stomach volatility and I advocate for dollar cost averaging for potential investors.
For further details see:
Vestas: Having Q1 Disclosed May Put A Halt To Recent Volatility And Give Investors Clarity