|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||228.28 - 233.70|
|52-week range||228.28 - 233.70|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||40.45|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
In August 2018, as a bit of summer fun, we looked at some of the world’s quoted football clubs, of which there are surprisingly few. Chief among them was Manchester United, who face Villarreal in the Europa League final tonight. Man Utd’s shares, quoted in New York, have proved volatile. Tipped at $22.10, they almost immediately soared to more than $26 then just as quickly dropped back, and since late September 2018 have remained below the price at which we tipped them. They bottomed at barely $13 in March last year as Covid panic peaked and now trade at $15.55. The club did itself no favours when it signed up to the short-lived and hugely unpopular European Super League last month. Nick Train, the fund manager whose enthusiasm for Man Utd as a business lay behind our tip, was among those not amused by the initiative.
Wind turbine maker Vestas unveiled new technology on Monday which it says enables wind turbine blades to be fully recycled, avoiding the dumping of old blades. Turbine blades are set to account for 43 million tonnes of waste in 2050, according to a 2017 University of Cambridge study. The new technology will "be a significant milestone in enabling a future where landfill is no longer required in blade decommissioning," Allan Poulsen, Vestas' head of sustainability and advanced materials, said in a statement.
It's no secret that renewable energy, in this case, wind power, is a long-term growth industry. Indeed, leading energy industry bodies such as the U.S. Energy Information Administration (EIA) believe that, on average and without tax credits, onshore wind power will make more financial sense than combined cycle (gas and steam) power within the next 20 years. Wind power has long-term growth prospects, but global onshore wind power installations will be flat in the medium term, while global offshore installations will likely only take off in 2025 and afterward.