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Posted Wed Aug 18 2010: from AFP, via PhysOrg: Vestas cuts 2010 forecasts, shares plunge http://apocadocs.com/s.pl?1282135466 Shares in Vestas slumped on Wednesday after the Danish wind power group cut this year's earnings and sales targets following a second quarter loss. The company, the world leader in the wind turbine industry, a key component in efforts to combat carbon emissions, said 2010 sales would now come in at six billion euros (7.7 billion dollars), rather than seven billion euros. The operating profit margin would be in a range of five to six percent, down from the 10-11 percent given previously, it said. The news sent Vestas shares tumbling more than 17 percent in Copenhagen where the broader market was down nearly two percent. [Read more stories about: alternative energy, renewable energy] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Michael says: The smart money's on coal. NEXT> More stories: Risk to kids from toxic pesticides may be underestimated, study finds Carbon surprise on Texas river (Vestas cuts 2010 forecasts, shares plunge) Cape Cod Waterways Face Pollution Crisis Mankind is using up global resources faster than ever Want to explore more? Try the PaniCloud!

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