Vestas Share Selloff an Overreaction as Climate Legislation Unlikely to Be Repealed -- Market Talk

Dow Jones11-11

1400 GMT - Vestas shares significantly underperformed last week, Citi says. The renewable-energy company's stock was dragged by weaker earnings and fears the Inflation Reduction Act could be repealed following Donald Trump's victory in the U.S. election, the bank says. However, a full repeal of the legislation is unlikely, Citi analyst Martin Wilkie notes. The IRA provides for large government investments in clean energy as part of a broader economic investment program. "While the IRA debate probably won't be resolved for several months, we don't think a full repeal is the most likely outcome, and yet that's what's in the share price," he says. Significant growth is still expected in U.S. onshore wind, though offshore projects could be limited beyond those already permitted, Wilkie adds. Shares trade 1.3% higher at 105.85 Danish kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

November 11, 2024 08:00 ET (13:00 GMT)

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The IRA provides for large government investments in clean energy as part of a broader economic investment program. \"While the IRA debate probably won't be resolved for several months, we don't think a full repeal is the most likely outcome, and yet that's what's in the share price,\" he says. Significant growth is still expected in U.S. onshore wind, though offshore projects could be limited beyond those already permitted, Wilkie adds. Shares trade 1.3% higher at 105.85 Danish kroner. 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The renewable-energy company's stock was dragged by weaker earnings and fears the Inflation Reduction Act could be repealed ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4182","symbol_name":"重型电气设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482786417","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482786417","pubTimestamp":1731330000,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1400 GMT - Vestas shares significantly underperformed last week, Citi says. The renewable-energy company's stock was dragged by weaker earnings and fears the Inflation Reduction Act could be repealed following Donald Trump's victory in the U.S. election, the bank says. However, a full repeal of the legislation is unlikely, Citi analyst Martin Wilkie notes. The IRA provides for large government investments in clean energy as part of a broader economic investment program. \"While the IRA debate probably won't be resolved for several months, we don't think a full repeal is the most likely outcome, and yet that's what's in the share price,\" he says. Significant growth is still expected in U.S. onshore wind, though offshore projects could be limited beyond those already permitted, Wilkie adds. Shares trade 1.3% higher at 105.85 Danish kroner. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4182":"重型电气设备","VWDRY":"Vestas Wind Systems A/S"},"translate_title":"由于气候立法不太可能被废除，维斯塔斯股价抛售反应过度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWDRY":0.9},"content_text":"1400 GMT - Vestas shares significantly underperformed last week, Citi says. The renewable-energy company's stock was dragged by weaker earnings and fears the Inflation Reduction Act could be repealed following Donald Trump's victory in the U.S. election, the bank says. However, a full repeal of the legislation is unlikely, Citi analyst Martin Wilkie notes. The IRA provides for large government investments in clean energy as part of a broader economic investment program. \"While the IRA debate probably won't be resolved for several months, we don't think a full repeal is the most likely outcome, and yet that's what's in the share price,\" he says. 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