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BUZZ-European wind energy stocks fall after Trump turbine commentary

ReutersJan 8, 2025 9:35 AM

** Shares of European wind energy stocks fall after U.S. President-elect Donald Trump said on Tuesday he would attempt to ensure no wind turbines are built during his second term

** Denmark's Oersted ORSTED.CO and Vestas VWS.CO are down about 5% and 4% respectively, with Germany's Siemens Energy ENR1n.DE falling close to 5% and Nordex NDXG.DE by about 3%

** "To us it is unclear how Trump will be able to act on this given that wind is popular in large and important republican states," DNB Markets analyst Douglas Lindahl says

** Sydbank's Jacob Pedersen also notes Trump's commentary regarding tariffs on Danish goods in his pursuit of Greenland, commenting on the moves of Vestas and Orsted

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreuters.com))

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