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

VESTAS WIND SYSTEMS A/S

(VWS)
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Delayed Quote. Delayed NASDAQ OMX COPENHAGEN - 01/22 10:59:42 am
1463 DKK   -1.78%
01/22VESTAS WIND SYSTEMS : UBS sticks Neutral
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01/21EUROPE : European stocks run out of steam after ECB; energy shares weigh
RE
01/15VESTAS WIND SYSTEMS : Morgan Stanley reaffirms its Neutral rating
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European stocks jump at close with eyes on tight U.S. election race

11/04/2020 | 03:16am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Biden trade unwinds as Trump leads in swing states

* Healthcare, tech stocks gain sharply

* Zalando jumps on confirming forecast upgrade

Nov 4 (Reuters) - European stocks closed with strong gains on Wednesday as investors unwound bets of a Democratic sweep in the U.S. presidential election as the race proved far closer than polls had predicted.

The healthcare sector, typically considered more stable during times of economic uncertainty, rallied 4.9%, while technology stocks that have powered a rebound in global equities since the pandemic lows, surged 3.0%.

Global markets were whipsawed earlier as U.S. Republican President Donald Trump took the lead over Democratic rival Joe Biden in a number of vital swing states, while opinion polls had given Biden a strong lead nationwide for months.

Adding to concerns, Trump falsely claimed he had won the election with millions of votes still uncounted, and said he would go the U.S. Supreme Court to fight for the win if needed.

After falling as much as 1.3% at one point, the pan-European STOXX 600 index swung 2.1% higher, while the German DAX gained 2% and UK's FTSE rose 1.7%.

European markets gained earlier this week on anticipation a Biden win would bring better trade ties with Washington and a bigger fiscal package for the coronavirus-hit U.S. economy.

Economically sensitive banking, oil & gas and mining stocks fell into the red after leading a surge this week on hopes of more stimulus.

Wind turbine makers Vestas and Siemens Gamesa , which were expected to benefit from Biden's clean energy plan, fell 3.5% and 1.6% respectively.

"Markets are to some extent reversing the pricing in of the 'blue wave'. We have better support for likes of healthcare and technology," said Jonathan Stubbs, equity strategist at Berenberg.

On Wall Street, the technology-heavy Nasdaq index surged 4.1% as investors said chances faded for Democrats to score a big win in the U.S. Senate, lowering bets of higher antitrust scrutiny and capital gains taxes.

"We would interpret the outperformance of the Nasdaq as possibly a divided government, less fiscal stimulus, and more stay-at-home environment as COVID-19 cases rise," said Matthias Scheiber, global head of multi asset portfolio management at Wells Fargo Asset Management.

European equities, which lean on "value" sectors such as banks and energy, trade at a record low relative to U.S. stocks which count big on "growth" sectors like technology.

Among individual movers, German online fashion retailer Zalando jumped 4% after it confirmed the increased guidance it gave last month.

Britain's Marks & Spencer surged almost 5% after encouraging performance in its food business but reported the first loss in its 94 years as a publicly listed company.

(Reporting by Sruthi Shankar in Bengaluru; Graphic by Danilo Masoni in Milan; editing by Saumyadeb Chakrabarty and Bernadette Baum)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DAX -0.24% 13873.97 Delayed Quote.1.13%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
MARKS & SPENCER GROUP PLC 0.18% 143.05 Delayed Quote.4.95%
NASDAQ COMP. 0.09% 13543.061633 Delayed Quote.4.99%
SIEMENS AG 7.27% 132.8 Delayed Quote.13.00%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -0.61% 35.74 Delayed Quote.8.01%
STOXX EUROPE 600 -0.57% 408.54 Delayed Quote.2.38%
VESTAS WIND SYSTEMS A/S -1.78% 1463 Delayed Quote.1.63%
WTI -1.77% 52.063 Delayed Quote.10.00%
ZALANDO SE 0.02% 98.48 Delayed Quote.8.15%
All news about VESTAS WIND SYSTEMS A/S
01/22VESTAS WIND SYSTEMS : UBS sticks Neutral
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Financials
Sales 2020 14 786 M 17 994 M 17 994 M
Net income 2020 567 M 690 M 690 M
Net cash 2020 2 431 M 2 958 M 2 958 M
P/E ratio 2020 68,4x
Yield 2020 0,50%
Capitalization 39 462 M 48 094 M 48 022 M
EV / Sales 2020 2,50x
EV / Sales 2021 2,24x
Nbr of Employees 25 828
Free-Float 99,4%
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Technical analysis trends VESTAS WIND SYSTEMS A/S
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 157,72 €
Last Close Price 196,45 €
Spread / Highest target 26,6%
Spread / Average Target -19,7%
Spread / Lowest Target -63,1%
EPS Revisions
Managers and Directors
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