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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems A/S    VWS   DK0010268606

VESTAS WIND SYSTEMS A/S

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EXCLUSIVE-Renewable firms in Mexico must pay more for grid backup -CFE chief

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05/22/2020 | 05:17pm EDT

MEXICO CITY, May 22 (Reuters) - Private renewable energy firms in Mexico must pay for part of the baseload power used to ensure the flow of electricity on the grid, the head of the state power company said on Friday, as a dispute on the future of the local industry roils the market.

Manuel Bartlett, director of the Comision Federal de Electricidad, or CFE, told Reuters that his company nevertheless favors more clean energy and will seek to further reduce its use of fuel oil as a major source of power generation. (Reporting by David Alire Garcia; Additional reporting by Adriana Barrera Editing by Marguerita Choy)

Stocks mentioned in the article
ChangeLast1st jan.
IBERDROLA -1.55% 9.958 End-of-day quote.8.47%
LONDON BRENT OIL 5.83% 42.1 Delayed Quote.-40.24%
VESTAS WIND SYSTEMS A/S -0.31% 701.6 Delayed Quote.4.22%
WTI 5.15% 39.105 Delayed Quote.-39.82%
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Financials
Sales 2020 13 756 M 15 572 M 15 572 M
Net income 2020 660 M 747 M 747 M
Net cash 2020 2 348 M 2 658 M 2 658 M
P/E ratio 2020 27,5x
Yield 2020 1,17%
Capitalization 18 400 M 20 845 M 20 829 M
EV / Sales 2019
EV / Sales 2020 1,17x
Nbr of Employees 25 948
Free-Float 98,4%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 89,00 €
Last Close Price 94,02 €
Spread / Highest target 14,1%
Spread / Average Target -5,34%
Spread / Lowest Target -35,1%
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Managers
NameTitle
Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
Tommy Rahbek Nielsen Chief Operating Officer
Marika Fredriksson Chief Financial Officer & Executive Vice President