EnergyWatch

Vestas shares leap ahead of financial report

The FBI could indirectly be responsible for the extra five billion Danish kroner in market value at Danish wind turbine manufacturer Vestas two days before the major US election.

Vestas' aktiekurs har i den seneste tid svinget i nogenlunde modtakt med Donald Trumps chance for at blive USA's næste præsident. | Photo: Evan Vucci/AP/Polfoto

On Tuesday morning, Vestas will present its third quarter interim report. While this is causing a stir among analysts, where estimates for gross margins are swinging between 16.2 percent and 21.1 percent, most attention is focused on a slightly later result: that of the US presidential election, which is expected to emerge Wednesday morning Central European Time.

In any case, it seems investors are concentrating just as much on events in Washington DC as what is happening for wind markets in the mid-West, including on Monday morning. Here, Vestas saw a 4.9 percent price jump from Monday morning, which in round figures corresponds to a DKK five billion (USD 750 million) increase in market value.

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