The Vestas share has been under pressure since the morning on the Copenhagen Stock Exchange, with the share price rising by a double-digit percentage on Friday morning. The Vestas share is trading at 116, which corresponds to an increase of 10 percent compared to Thursday's closing price.
According to MarketWire, investors' appetite for the Danish wind turbine manufacturer can probably be explained by a few news items from the past 24 hours that relate to Vestas.
The first influx was already on Thursday evening, when Vestas announced that it had received an order for wind turbines with a total capacity of 527 megawatts from an unnamed customer in the USA.
Financial house raises recommendation
According to Bloomberg, on Friday morning, the financial house JP Morgan changed its assessment of the Vestas share and now recommends its clients to invest more in it.
JP Morgan previously assessed that the share had the potential to reach a price of 126 kroner within the coming year. The new price target is instead 161 kroner, and this has probably helped to kickstart this morning's trading. Vestas shares have not been above 161 since September last year.
The shares have since come under pressure, among other things, due to the election of Donald Trump as US president. Trump is a declared opponent of wind power and has declared a fight against support schemes that favour green power over the oil industry.
This has created uncertainty about whether projects that have already been approved - and for which Vestas has received orders - risk being cancelled or losing their support.
Before Thursday's news from the US, Vestas had US orders for around 7.5 gigawatts in its order book for the period up to 2028.
/ritzau/
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