There is a lot of demand for Vestas shares on Tuesday morning on the Copenhagen Stock Exchange. The shares are trading more than 12 percent higher than at the close on Monday, and this is probably due to news from the United States.
MarketWire reports that there is news about the phasing out of the so-called Inflation Reduction Act, which provided large subsidies for green energy, among other things.
President Trump has made it clear that he will abolish all subsidies for renewable energy. A new Republican bill paints a picture of how exactly the subsidies will be phased out, and that is good news for Vestas.
- V believes that the proposal is much better than feared, analysts from Citibank estimate according to MarketWire.
Jacob Pedersen, head of equity research at Sydbank, agrees with this assessment. He calls the proposal "very generous".
- The idea is that instead of a full reduction here and now, we are now looking at 2030. And that can be called a calm phase-out, where Vestas' customers know what they are dealing with, says Jacob Pedersen to MarketWire.
The good news is also reflected in Ørsted's share price, which is rising by around six percent.
Updated 10:30
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