1324 GMT - Politics weighs heavy on Vestas and the wind industry in general, with U.S. President-elect Trump signaling this week that he would oppose all new wind energy production, Deutsche Bank analyst John Kim writes. The U.S. remains strategic to Vestas and the industry as the largest market globally outside of China, Kim says. "We see offshore as more vulnerable than onshore due to a number of reasons with a potential repeal of relevant tax credits as another possible outcome." The bank's analysis suggests shares face 20% downside risk from a moratorium/freeze in the U.S. wind sector. It retains its buy rating and 145 Danish kroner target price, with most of the potential risk already priced in. Shares fall 0.6% to 96.24 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 10, 2025 08:24 ET (13:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.