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RBC Updates Vestas Price Target, Earnings Estimates Amid Continuing Margin, Growth Trajectory
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07:46 AM EDT, 08/14/2026 (MT Newswires) -- RBC Capital Markets raised its price target and estimates for Vestas Wind Systems (VWS.CO) following a roadshow with the chief executive and financial officers that highlighted the company's continuing margin and growth trajectory. "We hosted CEO Henrik Andersen and CFO Jakob Wegge-Larsen for a roadshow in London. Key topics of discussion were margins (around the underlying nature of Q2 and the levers to 10+% in the midterm), alongside Service progress and the US opportunity (>25GW of grandfathered projects in the market)," the research firm said Friday. "Management flagged the 3 key Power Solutions levers as being 1) operating leverage, 2) better underlying profitability and 3) outstanding execution - with only minor impacts elsewhere (e.g., tariff refunds, tax credit recognition). While Vestas emphasised that they do not see this as the new baseline Q2 margin, we are tentatively positive that much of this is likely repeatable." Taking these into consideration, the price target was increased to 250 Danish kroner from 220 kroner, with an outperform rating on the stock. RBC also lifted its earnings forecasts for the wind turbine maker over the 2026 to 2028 period by between 15% and 25%.
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