Vestas Wind Systems Shares Soar as First-half Profit Surges, 2026 Outlook Upgraded

04:31 AM EDT, 08/12/2026 (MT Newswires) -- Vestas Wind Systems (VWS.CO) shares surged Wednesday after the wind turbine manufacturer lifted its profit guidance for 2026 and launched a 400 million-euro stock repurchase program, as first-half profit jumped year over year. Attributable profit for the six months ended June 30 rose to 362 million euros from 37 million euros a year earlier, while revenue climbed to 8.69 billion euros from 7.21 billion euros. The results were supported by strong performance across Vestas' onshore and offshore businesses within its Power Solutions division, the company's core business unit for developing and selling wind turbines. Order intake for the first half rose to 8.6 billion euros from 6.1 billion euros in the corresponding period of the previous year. The stock was up more than 18% in early morning trading in Copenhagen. "Based on our performance in the second quarter and visibility towards the end of the year, we raise the 2026 outlook on profitability and return further cash to shareholders through a new share buyback of [400 million euros], "Vestas Group President and Chief Executive Officer Henrik Andersen said. The repurchase program will run through the end of 2026. The company raised its guidance for EBIT margin before special items to a range of 7% to 9%, from its previous projection of 6% to 8%. Revenue outlook was maintained at 20 billion euros to 22 billion euros. "Demand for wind energy solutions remains strong due to the growing need for secure, affordable, and sustainable energy," Andersen said.