Vestas Tumbles After Turbine Blade Prototype Breaks
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Vestas Wind Systems A/S fell to its lowest in almost two years in Copenhagen trading after the world’s largest wind turbine maker said a blade snapped on a prototype and Danske Bank A/S downgraded the stock.
A six- to seven-meter (20 to 23 feet) portion came off the blade of the test V112 wind turbine late yesterday in Lem, western Denmark, Michael Holm, a Vestas spokesman, said today from Randers, Denmark. “We’re looking into the root cause. We don’t see this as a design error.”