PomegraVestas Stock Falls 9% After Q3 Earnings Miss
Why is Vestas stock down today?
Vestas (VWS.CO) stock fell 9% early on Wednesday before trimming losses to 4.2%, after the wind turbine maker's earnings miss on offshore costs and a broken blade.
Key numbers
| Vestas Q3 revenue | €5.68B+6% YoY; est. €6B |
|---|---|
| Vestas operating profit | €483Mvs €526M expected |
| Vestas share move | -4.2%after -9% early drop; other reports -6% to -7% |
| Vestas order intake | 3.4 GW-27% YoY |
| Siemens Energy Q4 revenue | €12.83B+21.5% like-for-like |
| Siemens Energy order backlog | €164Brecord high |
What happened
Vestas (VWS.CO) stock fell 9% early on Wednesday before trimming losses to 4.2%, after the wind turbine maker's earnings miss on offshore costs and a broken blade. Vestas sold €5.68 billion of goods and services, below the €6 billion analysts expected, and its operating profit was €483 million against €526 million expected. It also narrowed its 2026 sales forecast to €20.5–21.5 billion from €20–22 billion. Rival Siemens Energy (ENR.DE) rose more than 8% after record quarterly sales of €12.83 billion, up 21.5% on a like-for-like basis.
Why it matters
Vestas's results show how costly building wind farms at sea can be, even when its profit per share hit a record €1.14. Extra costs at one European offshore project and a broken blade in Germany cut into earnings, and new orders fell 27%. Siemens Energy's record sales show money flowing to grid and gas power equipment, as data centers need more electricity.
Who this affects
- MarketmixedMedium impact
- Wind-turbine investors face a setback; power-equipment holders gain.
- CompanybearishMedium impact
- Vestas shareholders face a miss and a tighter forecast.
- CompetitorsbullishMedium impact
- Siemens Energy gains on record sales and a tripled dividend.
- IndustrymixedMedium impact
- Offshore wind stays costly while grid and gas equipment demand booms.
Vestas vs Siemens Energy, Nordex
| VestasVWS.CO | €5.68B | +6% | -4.2% (low -9%) |
|---|---|---|---|
| Siemens EnergyENR.DE | €12.83B | +21.5% | +8.4% |
| NordexNDX1.DE | €2.2B | +28.2% | — |
As of 2026-11-11
How we got here
Turbine blade breaks at He Dreiht offshore wind farm in Germany, adding costs for Vestas.
Nordex reports Q3 sales up 28.2% and raises its 2026 profit-margin forecast.
Vestas reports Q3 miss, narrows 2026 outlook; shares drop up to 9% early.
Siemens Energy reports record €12.83B quarterly revenue and proposes €2.30 dividend.
What to watch
- Whether Vestas offshore operations return to profit, as management expects in 2027.2027
- Vestas order intake, after a 27% fall driven by weaker US onshore demand.Q4 2026
- Siemens Energy delivery on 2027 targets: 14–16% profit margin and about €5B net income.FY 2027
Educational content only. Not investment advice.
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