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Posted Wed Aug 18 2010: from AFP, via PhysOrg:
Vestas cuts 2010 forecasts, shares plunge
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.
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The smart money's on coal.

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