Vestas Investors Spooked by Trump's Anti-Wind Rhetoric -- Market Talk

Dow Jones01-09 16:15

0815 GMT - Vestas shares fell sharply yesterday as investors were clearly spooked by headlines that President-elect Trump wants "a policy where no windmills are being built," Citi analyst Martin Wilkie writes. Attention is turning to what Trump can achieve through executive orders. Citi sees a focus on permitting for offshore turbines and in onshore on federal land. "We think that the market already expects new offshore permitting to end, and the incremental focus will be on onshore, on authorizations for renewable energy projects and grid links on federal land." Citi reiterates its buy rating and 220 Danish kroner target price. Shares trade 0.8% lower at 95.98 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

January 09, 2025 03:15 ET (08:15 GMT)

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Citi sees a focus on permitting for offshore turbines and in onshore on federal land. \"We think that the market already expects new offshore permitting to end, and the incremental focus will be on onshore, on authorizations for renewable energy projects and grid links on federal land.\" Citi reiterates its buy rating and 220 Danish kroner target price. Shares trade 0.8% lower at 95.98 kroner. 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Attention is turning to what Trump can achieve through executive orders. Citi sees a focus on permitting for offshore turbines and in onshore on federal land. \"We think that the market already expects new offshore permitting to end, and the incremental focus will be on onshore, on authorizations for renewable energy projects and grid links on federal land.\" Citi reiterates its buy rating and 220 Danish kroner target price. Shares trade 0.8% lower at 95.98 kroner. 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