Want to see VWDRY full AI Analyst Report?
Top Page
Vestas Wind Systems AS
(OTC:VWDRY)
Select Model
Select Model
Rating:74Outperform
Price Target:
$12.00
▲(10.09% Upside)
Action:Upgraded
Date:08/18/26
VWDRY scores well primarily on improving financial performance (profitability and cash flow rebound) and a strong, confidence-boosting earnings update (raised margin guidance plus a EUR 400m buyback). Technicals also support the score with clear upside trend and positive momentum, though signals are getting stretched (high Stoch/RSI). Valuation is the main drag, with a higher P/E and minimal dividend support.
Positive Factors
Profitability and Revenue Recovery
The sharp improvement in revenue, earnings and margins indicates stronger execution and operating leverage after prior weak years. If maintained, this recovery can rebuild profitability and provide a stronger earnings base through the next business cycle.
Negative Factors
Offshore Losses and Lumpy Order Flow
The offshore unit still consumes management attention and can dilute group profitability while orders remain uneven. The planned 2027 turnaround depends on ramp-up and takt-time improvements, leaving execution risk and earnings drag over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and Revenue Recovery
The sharp improvement in revenue, earnings and margins indicates stronger execution and operating leverage after prior weak years. If maintained, this recovery can rebuild profitability and provide a stronger earnings base through the next business cycle.
Read all positive factors
Vestas Wind Systems AS Key Performance Indicators (KPIs)
Any
Operating Profit by Segment
Data provided by:
The Fly
The FlyVestas Wind Systems AS (VWDRY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$32.96B
Dividend Yield0.35%
Average Volume (3M)241.01K
Price to Earnings (P/E)26.4
Beta (1Y)0.60
Revenue Growth17.56%
EPS Growth58.87%
CountryUS
Employees36,973
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.37
Shares Outstanding2,986,714,400
10 Day Avg. Volume113,114
30 Day Avg. Volume241,010
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)5.91
Price to Sales (P/S)1.27
P/FCF Ratio22.69
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.5
Revenue Forecast (FY)$24.57B
Vestas Wind Systems AS Business Overview & Revenue Model
Company Description
Vestas Wind Systems A/S is a prominent global company that handles the entire lifecycle of wind turbines, from their conceptualization and manufacturing to their installation and continuous servicing worldwide. The organization's activities are di...
How the Company Makes Money
Vestas primarily makes money through two main revenue streams: (1) Sales of wind turbine systems and project-related activities, and (2) ongoing service revenue from operating fleets of installed turbines. In its wind turbine business, Vestas earn...
Vestas Wind Systems AS Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and financial quarter with substantial YoY growth in revenue (26%), EPS (46%), and order intake (67%), an upgraded EBIT margin outlook (7%–9%), meaningful cash generation and a EUR 400m buyback. Key execution achievements include strong Power Solutions performance, tangible Service recovery progress and offshore ramp-up momentum (improving takt times and installation efficiency). Offsetting risks include a still loss-making offshore business to be remedied over time, a Q2 decline in Service revenue, warranty and quality-related costs, higher operational emissions and a recent offshore blade incident. Management acknowledges permitting, trade and project timing risks for H2 but raised guidance and buyback reflect confidence in near‑term visibility.Positive Updates
Strong Revenue Growth
Revenue of EUR 4.7 billion in Q2 2026, up 26% year‑on‑year, driven primarily by Power Solutions (+37% YoY).
Negative Updates
Service Revenue Decline
Service revenue decreased by 5% YoY in Q2 (including ~1% currency headwind); transactional sales slightly lower, reflecting commercial reset dynamics even as margins improve.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Revenue of EUR 4.7 billion in Q2 2026, up 26% year‑on‑year, driven primarily by Power Solutions (+37% YoY).
Read all positive updates
Company Guidance
Vestas raised its 2026 profit guidance, keeping revenue at EUR 20–22bn but lifting the EBIT margin range to 7.0–9.0% (from 6.0–8.0%), while reiterating Service EBIT margin guidance of 15.5–17.5% and total investments around EUR 1.2bn. The upgrade follows a strong Q2 (revenue EUR 4.7bn, +26% YoY; EBIT margin 9.4%; EPS EUR 1.10, +46% YoY; order intake 3.3 GW, +67% YoY) and substantial backlogs (Power Solutions EUR 36bn; Service backlog EUR 40.9bn; 166 GW under service). Balance‑sheet and cash metrics cited include net cash EUR 92m, net debt/EBITDA 0x (target range -1 to +1), operating cash flow EUR 419m, adjusted free cash flow EUR 94m in Q2 and Q2 investments EUR 278m; management also announced a EUR 400m share buyback starting 13 August (running into year‑end / intended to 16 Dec) and reiterated a commitment to return at least 40% of net profit to shareholders.Vestas Wind Systems AS Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.38B | 18.08B | 17.30B | 15.38B | 14.49B | 15.59B |
| Gross Profit | 3.00B | 2.50B | 2.06B | 1.28B | 118.00M | 1.56B |
| EBITDA | 2.91B | 2.24B | 1.76B | 1.13B | -545.00M | 1.26B |
| Net Income | 1.11B | 778.00M | 499.00M | 77.00M | -1.57B | 134.00M |
Balance Sheet | ||||||
| Total Assets | 26.70B | 25.73B | 24.64B | 22.51B | 20.09B | 19.71B |
| Cash, Cash Equivalents and Short-Term Investments | 3.63B | 4.53B | 3.94B | 3.32B | 2.35B | 2.51B |
| Total Debt | 3.53B | 3.37B | 3.27B | 3.39B | 2.43B | 1.44B |
| Total Liabilities | 22.74B | 21.85B | 21.10B | 19.47B | 17.03B | 14.95B |
| Stockholders Equity | 3.96B | 3.87B | 3.53B | 3.03B | 3.04B | 4.75B |
Cash Flow | ||||||
| Free Cash Flow | 1.30B | 1.01B | 1.18B | 135.00M | -1.01B | 120.00M |
| Operating Cash Flow | 2.25B | 2.21B | 2.33B | 1.03B | -195.00M | 996.00M |
| Investing Cash Flow | -1.13B | -1.14B | -1.34B | -782.00M | -679.00M | -939.00M |
| Financing Cash Flow | -777.21M | -522.53M | -478.00M | 743.00M | 846.00M | -715.00M |
Vestas Wind Systems AS Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $32.96B | 26.43 | 29.01% | 0.35% | 17.56% | 58.87% | |
70 Outperform | $250.87B | 26.72 | 83.40% | 0.19% | 12.85% | 738.05% | |
67 Neutral | $77.20B | 28.54 | 21.89% | 1.46% | 2.93% | -8.06% | |
66 Neutral | $98.18M | 17.91 | 8.25% | ― | -3.31% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $11.05B | 42.48 | 9.54% | 13.72% | 0.61% | -27.77% | |
55 Neutral | $15.58B | -683.22 | -10.38% | ― | ― | ― |
* Industrials Sector Average
VWDRY
Vestas Wind Systems AS
11.02
4.49
68.86%
BWEN
Broadwind Energy
4.15
2.18
110.66%
CMI
Cummins
560.75
169.08
43.17%
GNRC
Generac Holdings
187.35
3.38
1.84%
GEV
GE Vernova Inc.
941.95
343.08
57.29%
INIO
INNIO Holding GmbH
20.77
-12.53
-37.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.