European wind stocks take beating after Trump calls turbines 'garbage' By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2025
0mins
Should l Buy ?
Source: Investing.com
Trump's Criticism of Wind Power: U.S. President-elect Donald Trump expressed strong opposition to wind energy, stating he would aim to prevent the construction of windmills, which has led to a decline in European wind power stocks and raised concerns among investors.
Impact on Industry and Companies: The uncertainty surrounding Trump's regulatory plans has caused major offshore wind developers and turbine manufacturers, such as Orsted, RWE, Siemens Energy, Nordex, and Vestas, to experience significant stock declines, while companies are reconsidering their expansion strategies in light of potential policy changes.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
