Deutsche Bank has lowered its target price for Danish wind turbine giant Vestas, which last week posted a net loss of €115m ($126m) in the second quarter of this year, almost unchanged from the same period last year.
“While investors can breathe a sigh of relief as Vestas did not add to the headlines on turbine quality issues, the troubles impacting the industry are clearly not over,” analyst Gael de-Bray said in a note to investors.
