Vestas Shares Rise After Q2 Orders Rebound and Guidance Lifted
Vestas Wind Systems’ shares jumped more than 20% after the company lifted full-year profit guidance and approved a €400 million share buyback. Q2 turbine orders rose to 3.35 GW worth €3.4 billion, driving a 32.5 GW €36 billion backlog. Adjusted operating profit reached €446 million with a 9.4% margin.