Vestas (OMX: VWS) gained 5% in the last trading day of 2011 but ended the year still down by 65% and as the worst performer in OMXC20. The company made major inroads with six announced orders on Friday, pushing the total amount of known orders to 6245 MW for the year, with around 750 MW lacking to reach the bottom of the guidance range.
While analysts’ seem to be predicting around 500 MW of unannounced orders for 2011, apparently mainly based on what unannounced orders for Q4 2009 and Q4 2010 were, the ratio of unannounced to announced orders has been higher this year than before. If we gauge Q4 unannounced orders based on Q4 announced orders with the average ratio of unannounced per announced orders for 2011, the Q4 unannounced orders would be over 1300 MW, which would land Vestas comfortably in the middle of the guidance range.
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