1133 GMT - Vestas has prospects for higher volumes in the U.S., despite increased uncertainty from the Donald Trump presidency, Jyske Bank's Janne Vincent Kjaer writes. Vestas was hit hard by challenges in the service business in 2024, which, combined with Trump's election victory, has given rise to concerns about growth prospects. The market seems to be factoring in a severe slowdown in the U.S. with Trump putting an end to the expansion of wind power. "However, we do not expect it to be quite that bad." Vestas has a record-high order book in the U.S. which extends all the way into 2027, Kjaer says. Jyske rates Vestas at buy with a 170 Danish kroner price target. Shares trade 0.2% higher at 96.94 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 09, 2025 06:33 ET (11:33 GMT)
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