"Vestas 400% Gain Can’t Suppress Buy Ratings at 3-Year High"

"More analysts are urging investors to buy shares in Vestas Wind Systems A/S (VWS) than at any time since October 2010 after the stock soared more than 400 percent over the past 12 months."

"More than 45 percent of analysts covering Europe’s biggest wind turbine maker recommend purchasing Vestas stock, versus a September 2012 low of 9.4 percent, according to data compiled by Bloomberg. Ten analysts advise clients to buy, five have hold ratings and seven say sell, according to the data. In November, only eight analysts recommended buying Vestas.

The shares are poised for a fivefold jump in value this year after the company reduced, signed a partnership deal with Mitsubishi Heavy Industries Ltd. and replaced its chief executive officer. Orders surged by more than a third, reaching a record pace in December, according to Nordea AB. Before 2013, Vestas’s shareholders had struggled through three years of losses after cuts to government subsides for green energy hurt the company."

Alex Morales reports for Bloomberg December 30, 2013.

SEE ALSO:

"West Texas Wind Soon Will Light Up the Region" (FuelFix)

"Wind's Tax Credit Winds Down, But Debate at Full Force" (Christian Science Monitor)

Source: Bloomberg, 12/31/2013