Posted on 11/09/2017 6:45:58 AM PST by Olog-hai
Shares in Vestas, the world’s largest wind turbine manufacturer, tumbled more than 17 percent Thursday after the Danish firm tweaked its annual outlook and its quarterly net profit slid.
At 8:30 GMT, its shares were down 17.3 percent to 436.1 kroner (€58.60), in a market down 1.9 percent overall.
Net profit fell 18 percent in the third quarter to €253 million, while sales slid 5.5 percent to €2.7 billion.
The operating profit margin, which excludes exceptional items, dropped two percentage points from the same period last year to 12.9 percent. […]
Vestas’ shares already tumbled 11 percent last Friday after US tax reform plans included cutting the deduction for turbine manufacturers. The United States is one of Vestas’ largest markets. …
(Excerpt) Read more at thelocal.dk ...
Migrating birds heard to chirp in pleasure!
I had a mental image of one of those giant ‘windmills’ breaking loose and sailing off into the clouds...
These thing don’t produce enough electricity to justify the carbon footprint they need in their production. Cut the subsidies and these things will die like extinct dodo birds.
If you build a house on the slopes of an active volcano, you are accepting the risk that you probably will lose it in the next eruption.
If you live most anywhere in the Caribbean (or along the coastal US from Virginia Beach to South Padre) and you don’t build a hurricane-proof house, you can count on losing everything except the clothes on your back at least once in your lifetime. Living in the Caribbean and not preparing for the next devastating hurricane is just whistling past the graveyard.
Some officials in PR are pushing for new solar power installations now, as though that could be any sensible response to hurricane damage. Yeah, just cover the island with fragile solar panels, that’s the ticket!!
Independence for Puerto Rico.. Or let it become a UN mandate. Or cede it back to Spain. They always vote not to become a State, with only about a 1/3 of the population wanting to become a state, with 71% voting and 51% of the voters voting for statehood being the best. Oh and 500,000 unmarked absentee ballots laying around. No monkey business there.
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