JPM bullish on Vestas ahead of H1 results, sees guidance hike likely

Nordex SE

30/06/2026 09:59

** JPMorgan reiterates its "overweight" rating on Vestas VWS.CO and raises its price target by 16% to DKK 251, noting higher confidence in execution across both onshore and offshore wind
** The broker expects Vestas to post revenue of €4.72 billion ($5.37 billion), 7% above consensus, with adjusted EBIT of €223 million, 22% ahead of expectations
** In its view, a guidance upgrade is likely to be announced alongside H1 results   
** "Vestas made good progress on ramping up offshore installations in the quarter after a weak Q1 due to bad weather," JPM says 
** As U.S. orders are a key focus, JPM expects good near-term demand ahead of a July 4 deadline to qualify for production tax credits through end-2030
** While political risks persist, the economics for wind energy haven't been this good in a number of years, it says
** Shares of Vestas are up 5.9%, making the company one of the best STOXX .STOXX performers
** Out of 29 analysts covering Vestas, 16 rate the stock "strong buy" or "buy," nine rate it "hold" and four rate it "strong sell" or "sell"
     
($1 = 0.8783 euros)

(Reporting by Jesus Calero)
((jesus.calero@thomsonreuters.com))