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Runevad: Trump victory will have no significance for Vestas

In opposition to the market, the CEO of the leading wind turbine producer is not concerned about the prospect of a Trump win in the US election Tuesday.

Photo: /Scanpix Ritzau/RUNE AARESTRUP PEDERSEN/

Once again, Vestas has delivered an outstanding report in the third quarter. The positive news, particularly within revenue but also for profit, was primarily driven by the strong US market, where political conditions have been highly favorable for the wind industry this past year.

However the American political landscape could change dramatically today. Tuesday is the day Americans take to the voting booths to elect their next president and as developments in the share price over the past week have demonstrated, investors are concerned about the possibility that Republican nominee Donald Trump – who has made no secret of his disdain for wind energy – should win.

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