1154 GMT - Vestas shares sold off after fourth-quarter earnings, presenting a good opportunity to add to positions, JPMorgan analysts write. The Danish wind-turbine manufacturer's orders were better than expected, and the bank sees a high level of demand to be sustained in 2026, which should bring visibility to future earnings growth. A turnaround in the onshore business has been successfully delivered while the service business should follow. Free cash flow also exceeded expectations and Vestas no longer sees a material risk from the ramp-up in offshore turbine production, which should boost prospects for future capital returns. "We therefore regard the 2025 performance as solid towards the medium-term objective of 10% margin." It raises its price target to 212 Danish kroner from 200 kroner and keeps the stock rating at overweight. Shares fall 1.7% to 161.85 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

February 09, 2026 06:54 ET (11:54 GMT)

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