European green energy companies hit by Trump's anti-wind policy By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
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Should l Buy ?
Source: Investing.com
Impact of Trump's Policies on Wind Industry: European wind shares, particularly Orsted, fell sharply after President Trump suspended new U.S. offshore wind leasing, leading to significant impairment charges for Orsted's U.S. ventures and concerns over the viability of future projects.
Prysmian's Withdrawal from U.S. Market: Prysmian announced it would abandon plans to build a cable manufacturing plant in the U.S. due to insufficient market potential for offshore wind farms, reflecting broader industry challenges linked to Trump's policies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
