Vestas Wind Systems "sell"

08/14/06 - Jyske Bank

LONDON, August 14 (newratings.com) - Analysts at Jyske Bank maintain their "sell" rating on Vestas Wind Systems AS (VWS). The fair value is set to DKK140.

In a research note published this morning, the analysts mention that the company's share price is trending significantly above the fair value. The current valuation of Vestas Wind Systems' stock does not reflect operational risks, such as shortage of key components and issues at subcontractors, the analysts add.