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Vestas stops the bleeding after record-low stock market performance

7. OKT 2024 8.59
Erhverv
Økonomi

On Wednesday, Vestas made negative history when the wind turbine share fell for the tenth day in a row. It was the longest period of decline since the stock market listing in 1998. The "record hour" was further extended on Thursday, when the share fell once again.

But on Friday, there were finally green numbers again for the wind turbine share, when the share rose by 1.6 percent to DKK 140.65, thus ending the historically bad run.

However, on Friday, Vestas had its price target lowered by financial house JP Morgan to DKK 151 from DKK 165, which also maintains the share recommendation "neutral".

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https://www.doi.dk/en/vindkraft/artikel/vestas-faar-stoppet-bloedningen-efter-rekorddaarlig-stime-paa-boersen

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