Vestas Rises as Turbine Maker Signals Wind Woes Easing (1)

Vestas Wind Systems A/S shares surged almost 10% as the world’s biggest wind turbine maker boosted its outlook, in a sign that at least parts of the embattled wind industry are emerging from crisis.

The wind industry — key to the planet’s ability to meet climate goals — has been beset by inflation plus rising material and borrowing costs.

Vestas indicated progress on Wednesday. The Danish company now expects to deliver positive earnings before interest and tax as it reported 4.5 gigawatts of new wind turbine orders, more than double a year ago.

“All in all, order intake figures point ...