European wind turbine stocks fall after EU shift to the right
BRUSSELS/GDANSK, June 10 (Reuters) -Shares in wind turbine makers Vestas VWS.CO and Nordex NDXG.DE fell on Monday a day after European Parliament election results showed a shift to the right with analysts also citing rising interest rates as a potential future concern.
The political shift could make the EU's ambitious climate policies harder to pass, though Europe is likely to stick with its green policies, according to lawmakers, officials and analysts.
The elections may lead to a less supportive policy environment for energy transition, with potential funding cuts post-2028 and a shift in focus to national policies, CITI analysts said in a research note.
Nordnet analyst Per Hansen said investors were responding to factors including the EU elections, particularly the unexpected result in France.
"A more populist Europe may, investors think, have an effect on the desire to think green," Hansen said.
Sydbank analyst Jacob Pedersen pointed to higher interest rates, which traditionally affect Vestas' customers, as a key contributor to the drop.
"Energy policy is security policy, and as wind energy is a key technology for Europe to reach its energy transition targets, we expect that the build out of wind energy remains a priority in the EU," Vestas said in an emailed statement.
Meanwhile, a spokesperson from Siemens Energy, Vestas' main competitor, warned that reverting to nation-state thinking could be fatal to the industry.
Shares in Germany's Nordex were down 3.6% at 1211 GMT, while Vestas' shares dropped 2.3% and shares in Siemens Energy, which is more diversified, were up 0.6%.
Industry body Eurogas remained optimistic about investment. Eurelectric, another industry group, asserted it was premature to draw conclusions about investment over the next five years.
"Our expectation is the Green Deal will continue, but with an increased focus on industrial competitiveness," said Kristian Ruby, secretary general at Eurelectric.
Investing in local industries was a campaign pledge across the political spectrum, as competition sharpens with the U.S. and China to produce green tech such as low-carbon steel and electric cars.
The EU said in March it would investigate subsidies received by Chinese suppliers of wind turbines destined for Europe in a move to shield European firms from cheap clean tech products.
Reporting by Kate Abnett in Brussels and Jesus Calero and Paolo Laudani in Gdansk, writing by Stine Jacobsen; editing by Jason Neely
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
