Vestas Jumps Most in 2 Months on Cash Outlook: Copenhagen Mover
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Vestas Wind Systems A/S gained the most in two months after it signed new turbine contracts, alleviating concerns that the company may need to resort to an equity sale to generate cash.
Vestas gained as much as 11 percent, the most since Feb. 7, with trading volume at 79 percent of its three-month average. The stock was the best performer in Copenhagen’s benchmark index and traded up 8.2 percent at 45.40 kroner at 11:47 a.m. in the Danish capital. The OMX Copenhagen 20 index was up 0.9 percent.