On paper, Vestas shareholders are almost 26 billion kroner richer on Thursday. This is because the company's shares rose by 15.9 percent on Thursday. According to the media outlet Marketwire, Vestas' market value has increased by 25.8 billion kroner to 188.4 billion.
The value of the shares has skyrocketed after the Democrats in the US agreed on the framework for a new climate package on Wednesday evening that will reduce CO2 emissions in the country by 40 percent by 2030. The climate plan is worth 369 billion dollars. This corresponds to 2714 billion kroner. The plan could end up being extremely important for Danish Vestas, says Jacob Pedersen, head of equity research at Sydbank.
- There has been a market in the US where in the best years it has filled more than a third of Vestas' total business. It is a market that is currently running a bit on the pumps. Not because the green support schemes are gone, but because there is uncertainty about whether a much better scheme will be introduced, he tells Ritzau.
Plan will give a significant boost to the American market
If the plan becomes a reality, it will give a significant boost to the American market over the next few years. It could be worth its weight in gold for the Danish company, estimates Jacob Pedersen.
However, the plan has not yet been adopted, and therefore an increase of 16 percent may be seen as an overreaction from investors. But the head of equity research believes that is not the case.
- It is clear that you can see 15 percent as an overreaction on top of a plan that has not even been adopted yet. But the reality is that a strong American market is worth far more to Vestas than 16 percent more in stock market value, because the market could rise to between 30 and 40 percent. of their activities.
Vestas in particular contributed to the Danish C25 index rising by 2.9 percent overall on Thursday. Ørsted was another of the day's high jumpers with an increase of 6.7 percent.
Ritzau
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
