European Wind Stocks Decline After Trump’s Comments on Turbine Construction
Following a statement from President-elect Donald Trump, European wind stocks took a hit. Trump announced plans to halt new turbine construction, stating, “We’re going to try and have a policy where no windmills are being built.” Notably, shares of Danish wind turbine manufacturer Vestas and developer Orsted fell nearly 7% in response. The renewable energy sector now faces uncertainty as policies shift. Investors must stay attuned to how these remarks may impact market trends and the future of renewable energy initiatives.
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