
Vestas Wind has indicated that it expects its full-year earnings to be at the lower end of its previously anticipated range, aiming to reassure investors amid ongoing challenges in the renewable energy sector. Meanwhile, Denmark's Orsted has slightly narrowed its full-year earnings forecast, citing progress in its turnaround strategy after a difficult 2023. The company now projects its full-year EBITDA guidance to be between 24 billion and 26 billion kroner. However, Orsted has also cautioned about rising costs related to its U.S. offshore wind projects. Additionally, Vestas reported that its third-quarter operating profit fell short of expectations, reflecting broader trends in the industry. In related news, wind energy firm EDPR saw its nine-month profit halve but still surpass estimates, while Enel reported a 6.5% increase in core profit over nine months, driven by growth in renewable power.
Enel posts 6.5% rise in 9-mth core profit on renewable power growth https://t.co/jpus217qAi https://t.co/8rpIb1whi8
Wind energy firm EDPR's nine-month profit halves but beats estimates. Our story here: https://t.co/PSqMWhD0Fs
Wind energy firm EDPR's nine-month profit halves but beats estimates https://t.co/XE9dWeJUrF https://t.co/M9bvEJvurk

