Vestas Wind Systems: A Tailwind At Its Back

Roman Vitasek 537 Followers Follow Summary Vestas Wind Systems is the world's largest wind turbine manufacturer, positioned to benefit from the accelerating global energy transition. VWDRY has improved profitability, with Power Solutions EBIT margin reaching 10.4% in 2Q 2026 and a strong EUR 76 billion order backlog. Valuation remains attractive, trading at an 8-23% EV/EBITDA discount to peers despite market leadership and robust capital return plans. Offshore wind and disciplined project selection offer significant long-term growth catalysts, while risks include policy support, input costs, and competition from Chinese OEMs. redmal/iStock via Getty Images Investment thesis Vestas Wind Systems ( VWDRY ) is the world's largest wind turbine manufacturer by revenue. Following a prolonged period of below-average profitability caused by contracts executed during a high inflation environment, the company is now positioned to This article was written by Roman Vitasek 537 Followers Follow I am a portfolio manager at IAD Investments, an asset management company based in Slovakia. My investment universe are Emerging Markets with the main focus on companies located in Central and Eastern Europe. My goal as a manager is to search for undervalued companies and mistakes in the markets and incorporate these views in the investment portfolio. Analyst’s Disclosure: I/we have a beneficial long position in the shares of VWDRY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.