Vestas and Orsted Shares Fall on Trump Comments -- Market Talk

Dow Jones01-08 21:58

1358 GMT - Shares in Vestas Wind Systems and Orsted are under pressure after U.S. President-elect Trump made negative comments on wind turbines and threatened punitive tariffs on Danish goods if Denmark is not compliant with regards to Greenland, Sydbank says. Trump held a press conference Tuesday, saying wind turbines were like garbage in a field while criticizing the cost of electricity produced by wind farms. "We're gonna try and have a policy where no windmills are being built," he said. He also threatened to hit Denmark with tariffs "at a very high level" if Danish officials don't cooperate with his bid to take control of Greenland from Denmark. Vestas shares fall 6.6% to 97.54 Danish kroner while Orsted shares fall 7.5% to 305.90 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

January 08, 2025 08:58 ET (13:58 GMT)

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He also threatened to hit Denmark with tariffs \"at a very high level\" if Danish officials don't cooperate with his bid to take control of Greenland from Denmark. Vestas shares fall 6.6% to 97.54 Danish kroner while Orsted shares fall 7.5% to 305.90 kroner. 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