Why is Vestas stock dropping?
Vestas slashed its 2021 outlook for a second time this year in response to higher costs and supply constraints, sending its shares tumbling as much as 14% as the world's largest maker of wind turbines posted forecast-lagging quarterly profit.
What kind of company is Vestas?
Is Vestas a good investment?
Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Vestas Wind Systems' earnings over the next few years are expected to increase by 48%, indicating a highly optimistic future ahead.