Vestas Wind Systems stock falls 1.48 percent as orders reach 246 MW

Vestas Wind Systems stock (ISIN DK0061539921) stood at DKK 207 on Nasdaq Copenhagen on September 23, 2026, down 1.48 percent from the previous close. The move followed new orders totaling 246 MW, giving investors a fresh test of whether Vestas can convert demand into profitable growth.

Orders reach 246 MW

According to MarketScreener on September 22, 2026, Vestas secured a 198 MW North American order and a 48 MW German order. The German project includes five V162-7.2 MW turbines and two V150-6.0 MW turbines, plus a 20-year service agreement.

The combined 246 MW order intake is more than a turbine shipment headline. The service agreement links part of the project to recurring maintenance revenue, while deliveries are scheduled to begin in Q4 2027 and commissioning is expected in Q2 2028, according to MarketScreener.

Q2 margin sets the benchmark

Vestas reported EUR 4.7 billion of revenue in Q2 2026 and an EBIT margin before special items of 9.4 percent, according to its Investor page dated August 12, 2026. The company also listed EUR 3.4 billion of order intake and a combined order backlog of EUR 76.9 billion for the quarter.

The sequential comparison is notable: Q2 revenue of EUR 4.7 billion exceeded Q1 revenue of EUR 4.0 billion, while the EBIT margin rose from 3.2 percent in Q1 2026 to 9.4 percent in Q2. That combination makes execution, rather than order visibility alone, the central financial issue for the stock.

Stock stays below yearly high

At DKK 207 on September 23, 2026, Vestas Wind Systems stock was 5.99 percent below its 52-week high of DKK 220.20 and 76.60 percent above its 52-week low of DKK 117.15. The market capitalization was DKK 202,845,637,719 on the same date.

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