Vestas Wind stock gains 5.54 percent after Vietnam orders

Published on 10/04/2026 at 22:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vestas Wind stock won Vietnam contracts for 16 turbines on October 2. Q2 revenue reached EUR 4.7 billion and EBIT margin was 9.4 percent.

Offshore-Windpark mit zahlreichen Windturbinen im Meer bei Sonnenuntergang, Dänemark — Vestas Wind Systems A/S (DK0010268606) betreibt Offshore-Windparks, hier ein fotorealistischer Windturbinen-Park im Meer, Illustration mit AI erstellt.

Vestas Wind stock (ISIN DK0061539921) closed at DKK 200.20 on October 2, 2026, gaining 5.54 percent after the wind-turbine maker announced new Vietnam contracts. The order combines equipment sales with long-term service revenue and gives the market a concrete test of Vestas' growth strategy.

Vietnam order adds service revenue

PR Newswire reported on October 2, 2026, that Vestas secured contracts for 16 V163 turbines from its 4 MW platform across two wind farms in central Vietnam. The projects include 20-year AOM 5000 service and maintenance agreements, extending the commercial relationship beyond initial turbine deliveries.

The turbines are scheduled for delivery in 2027, with commissioning to follow. Vestas said the 163-meter rotors will be the largest model it has deployed in Vietnam, where the company has an installed base of 1.6 gigawatts.

Q2 margin resets earnings baseline

Vestas' investor page identifies Q2 2026 revenue of EUR 4.7 billion, up from EUR 4 billion in Q1 2026, and an EBIT margin before special items of 9.4 percent. The same page reports Q2 order intake of EUR 3.4 billion and a combined Power Solutions and Service backlog of EUR 76.9 billion, while management raised its full-year outlook.

That sequence matters because the order announcement is landing against a higher profitability base than at the start of the year. The backlog also gives investors a measurable counterweight to the uneven timing of turbine deliveries, especially while the new Vietnam projects are still scheduled for 2027.

Analyst target stays above market price

According to Investing.com, the consensus was Buy from 24 analysts as of October 4, 2026, with an average 12-month target of DKK 217.5. The target lies 8.64 percent above the October 2 closing price, while the published target range ran from DKK 89.99 to DKK 294.79.

The market is therefore pricing the new contracts against both operational delivery and valuation expectations. Vestas shares ended October 2 at DKK 200.20, below the 52-week high of DKK 220.20 and above the 52-week low of DKK 119.45.

Stock remains below yearly high

Vestas Wind stock closed at DKK 200.20 on Nasdaq Copenhagen on October 2, 2026, at 4:59 p.m. CEST. Its market capitalization was DKK 195.2 billion and trading volume was 2,661,991 shares.