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Vestas Shares Surge as Wind Turbine Orders Rebound
Shares in Danish wind turbine maker Vestas Wind Systems surged more than 20% after the company raised its full-year profit guidance and announced a €400 million share buyback, signaling a sharp recovery for the wind industry. Vestas said turbine orders jumped to 3.35 gigawatts (GW) worth €3.4 billion in the second quarter, up from 2 GW worth €2.2 …