Offshore Wind Slump Means No Firm Orders for GE, Siemens

Offshore Wind Slump Means No Firm Orders for GE, Siemens

Andrew Harrer/Bloomberg

Shares of Vestas, the world’s biggest wind turbine maker, have fallen 80 percent in the past year, underperforming the 57 percent decline in the Bloomberg Industries Wind Turbine Pure-Play Index tracking 14 companies in the industry.