Trump has been vocal about his climate skeptic views, tweeting that he believes that global warming is a hoax created by China. He also tried to get an offshore wind project canceled near a golf course he owns in Scotland, losing a two-year legal battle in July.
Shares in Vestas Wind Systems A/S plunged after U.S. voters unexpectedly propelled Republican nominee Donald Trump to the presidency, sparking concern that the renewable- energy industry will face future political headwinds.
The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.10 kroner as of 12:50 p.m. in Copenhagen. Stock of the Danish company already lost ground last week after U.S. polls tightened, bringing this year’s declines to about 10 percent.
“The U.S. is not the only market in the world, but it’s important for us,” said Chairman Bert Nordberg by phone. “It doesn’t have with us to do that the stock is jumping up and down -- we have reported growth and profit.”
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The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.10 kroner as of 12:50 p.m. in Copenhagen. Stock of the Danish company already lost ground last week after U.S. polls tightened, bringing this year’s declines to about 10 percent.
“The U.S. is not the only market in the world, but it’s important for us,” said Chairman Bert Nordberg by phone. “It doesn’t have with us to do that the stock is jumping up and down -- we have reported growth and profit.”
Read more......
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