European Wind-Energy Stocks Fall as Trump Nears Victory -- Market Talk

Dow Jones11-06

0934 GMT - Shares in European wind-energy producers fall in morning trade as former President Donald Trump is closing in on winning the U.S. presidential election. Danish offshore wind companies Orsted and Vestas lead the declines, dropping 8% to 385.90 Danish kroner and 6.4% to 111.70 Danish kroner, respectively. Germany's RWE and Nordex trade down 3.1% at 29.44 euros and 5.9% at 12.34 euros, respectively. Major wind-turbine maker Siemens Energy's shares trade 3.2% higher at 40.20 euros, likely due to being less exposed to wind-energy sentiment given its diverse portfolio, according to Citi analysts. (christian.moesss@wsj.com)

(END) Dow Jones Newswires

November 06, 2024 04:34 ET (09:34 GMT)

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