Vestas Could Benefit From Higher Energy Prices -- Market Talk

Dow Jones03-30

0935 GMT - Higher energy prices bode well for medium-term growth at Vestas, JPMorgan analysts write. "We believe higher energy prices and concerns over energy security are positive for wind energy demand, as evident by both the UK and Germany stepping up their ambitions for wind." Higher energy prices could also put pressure on the U.S. administration to allow more renewable projects, the bank adds. The Danish wind turbine company has no active projects or manufacturing in the Middle East and therefore its direct exposure to the region is negligible. However, the company could see a higher-than-average indirect impact from higher shipping costs and supply chain effects, particularly those located in Asia. Also, a longer duration conflict would likely have some impact on project execution, in the bank's view. Shares rise 1.9%. (dominic.chopping@wsj.com)

 

(END) Dow Jones Newswires

March 30, 2026 05:35 ET (09:35 GMT)

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