Unhidea explains global investment research, selected interviews and market briefs. Explore source attribution, dates, key assumptions and the reasoning behind each article.
Wind turbine sales fell year on year and gross margin declined quarter on quarter, but overseas orders on hand continued to grow. Nomura cut its earnings forecasts and target price, while still expecting a greater share of overseas business to support a recovery in turbine margins.
Nomura ·
Morgan Stanley said lower turbine shipments and weaker wind resources reduced Goldwind’s third-quarter revenue, but an improvement in turbine gross margin drove gross profit growth; a decline in other income caused net profit to edge down year on year.
Morgan Stanley ·
Goldwind’s third-quarter net profit fell 7% year on year as turbine sales weakened, gross margin declined quarter on quarter, and gains from wind-farm disposals also fell sharply. Citi sees further downside risk to the already reduced full-year sales target, while export growth is constrained by market structure and service capabilities.
Citi ·
