European Renewables Face Short-Term Hit, Potential Buy Opportunity on Likely Trump Win -- Market Talk

Dow Jones
2024/11/06

0917 GMT - European renewable-energy utility sector is likely to take a short-term hit, though this could soon turn into a buying opportunity, Citi analyst Jenny Ping writes in a note. Renewable stocks, particularly those in offshore wind, could face more negative sentiment than onshore or solar, Ping says. Meanwhile, gas prices have held steady into the elections, but a Trump presidency could put pressure on prices, given its impact on the Russia-Ukraine situation. This could potentially affect commodity-driven utilities negatively, Citi says. Shares in Portugal's EDP Renovaveis are down 6.8% at 11.78 euros, while Austria's Verbund is trading 4% lower at 73 euros. Italy's Enel shares are down 0.2% at 6.99 euros. (christian.moess@wsj.com)

 

(END) Dow Jones Newswires

November 06, 2024 04:17 ET (09:17 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10