Vestas Shares Gain on Italy Service Contract: Copenhagen Mover
Vestas rose as much as 3.1 percent, today’s biggest jump in the Copenhagen 20 Index. The stock advanced 1.5 kroner, or 2.9 percent, to 52.85 kroner at 10:40 a.m. in the Danish capital. The shares of the Aarhus, Denmark-based company lost 5 percent yesterday.
Vestas said today it will provide maintenance for 10 Italian wind parks owned by ERG Renew SpA in an order that includes 126 turbines. Vestas said Feb. 8 that its service business is now more profitable than the division that sells wind turbines, and that it will be its fastest growing business going forward.
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