Vestas Shares Hit by Trump's Victory and Weak Earnings -- Market Talk

Dow Jones11-14

1317 GMT - Vestas shares have fallen sharply following a weak set of third-quarter results and the outcome of the U.S. election, Berenberg analysts Henry Tarr and James Carmichael write. The bank has doubts about the extent of the renewable energy company's margin recovery, due to its current level of costs, as well as the sustainability of the margin in its service business. "Also, a Trump presidency will likely reduce Vestas' offshore market potential over the medium term." Trump earlier this year pledged to halt all offshore wind projects. Berenberg downgrades Vestas to hold from buy, reflecting the near-term headwinds and uncertainty. It also lowers its earnings expectations materially and cuts its price target to 120 Danish kroner from 180 kroner. Shares trade 0.4% lower at 99.22 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 08:18 ET (13:18 GMT)

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483487040?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 21:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483487040","market":"sh","top_or_hot":-1,"title":"Vestas Shares Hit by Trump's Victory and Weak Earnings -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1317 GMT - Vestas shares have fallen sharply following a weak set of third-quarter results and the outcome of the U.S. election, Berenberg analysts Henry Tarr and James Carmichael write. The bank has doubts about the extent of the renewable energy company's margin recovery, due to its current level of costs, as well as the sustainability of the margin in its service business. \"Also, a Trump presidency will likely reduce Vestas' offshore market potential over the medium term.\" Trump earlier this year pledged to halt all offshore wind projects. Berenberg downgrades Vestas to hold from buy, reflecting the near-term headwinds and uncertainty. It also lowers its earnings expectations materially and cuts its price target to 120 Danish kroner from 180 kroner. Shares trade 0.4% lower at 99.22 kroner. (dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 14, 2024 08:18 ET (13:18 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vestas Shares Hit by Trump's Victory and Weak Earnings -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVestas Shares Hit by Trump's Victory and Weak Earnings -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1317 GMT - Vestas shares have fallen sharply following a weak set of third-quarter results and the outcome of the U.S. election, Berenberg analysts Henry Tarr and James Carmichael write. The bank has ...</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":"VWDRY","symbol_name":"Vestas Wind Systems A/S","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483487040","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483487040","pubTimestamp":1731590280,"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":"1317 GMT - Vestas shares have fallen sharply following a weak set of third-quarter results and the outcome of the U.S. election, Berenberg analysts Henry Tarr and James Carmichael write. The bank has doubts about the extent of the renewable energy company's margin recovery, due to its current level of costs, as well as the sustainability of the margin in its service business. \"Also, a Trump presidency will likely reduce Vestas' offshore market potential over the medium term.\" Trump earlier this year pledged to halt all offshore wind projects. Berenberg downgrades Vestas to hold from buy, reflecting the near-term headwinds and uncertainty. It also lowers its earnings expectations materially and cuts its price target to 120 Danish kroner from 180 kroner. Shares trade 0.4% lower at 99.22 kroner. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VWDRY":"Vestas Wind Systems A/S"},"translate_title":"维斯塔斯股价受到特朗普获胜和盈利疲软的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWDRY":0.9},"content_text":"1317 GMT - Vestas shares have fallen sharply following a weak set of third-quarter results and the outcome of the U.S. election, Berenberg analysts Henry Tarr and James Carmichael write. The bank has doubts about the extent of the renewable energy company's margin recovery, due to its current level of costs, as well as the sustainability of the margin in its service business. \"Also, a Trump presidency will likely reduce Vestas' offshore market potential over the medium term.\" Trump earlier this year pledged to halt all offshore wind projects. Berenberg downgrades Vestas to hold from buy, reflecting the near-term headwinds and uncertainty. It also lowers its earnings expectations materially and cuts its price target to 120 Danish kroner from 180 kroner. Shares trade 0.4% lower at 99.22 kroner. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 14, 2024 08:18 ET (13:18 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483487040"}