COPENHAGEN Vestas Wind Systems A/S reports earnings Tuesday morning, but shareholders may need to pay more attention to events in the evening when the results of the US election will start trickling in.
If Donald Trump wins, I have no doubt Veatas shares will fall the next day, Jacob Pedersen, chief of equity analysis at Sydbank, said in a phone interview.And if Hillary Chinton wins,the share will rise as some of the risk of a Trump win has been priced into the share.
The world's laegest makes of wind turbines is the Danish company with the most riding on the outcome of the vote, said Pedersen. Bloomberg Intelligence estimates 41.3% of Vestas's revenue last year came from the Americas.