Vestas Wind Systems A/S rose to its highest in more than three years after unexpectedly posting a profit in the first quarter, building on a turnaround that the world’s biggest wind-turbine maker completed last year.
Members of Vestas Wind Systems A/S’s executive management team have held meetings to discuss the performance of Chief Executive Officer Ditlev Engel, Borsen reported, citing sources close to the talks that the newspaper didn’t identify by name.
Vestas Wind Systems A/S tomorrow plans to announce organizational changes that may cut thousands of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.
Vestas Wind Systems A/S’s threat to fire 1,600 workers in the U.S. undermines President Barack Obama’s goal of creating green jobs and adds to pressure on Congress to extend a tax credit that the industry relies on.
Vestas Wind Systems A/S gained the most in more than a month in Copenhagen after sales beat estimates and the world’s biggest wind turbine maker generated cash in the fourth quarter after three quarters of outflows.