EnergyWatch

Vestas and Dong try to calm stakeholders after Trump's victory

The two Danish companies with perhaps the most exposure to US politics argue that the election victory for climate skeptic and protectionist candidate Donald Trump will not have major negative consequences on the business.

Photo: Charles Krupa

The news that Donald Trump will be the next president of the United States sent shock waves through the market this Wednesday.

Not least in a North European context, where shareholders in Denmark's Vestas saw the stock drop by more than 13 percent in an extended opening auction. Before noon Wednesday, the share price regained some footing, but with a price of DKK 439.7 (EUR 59) at 10:30AM CET, this is still the lowest share price since July 7. Almost the same thing happened to Dong Energy, where a decline of 1.95 percent sent the share price down to DKK 251 which is the lowest price since July 13.

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