Offshore wind cable makers turn to Europe as Trump risks loom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: Reuters
Nexans' Strategy Amid Political Uncertainty: Nexans plans to convert its Charleston, South Carolina plant into an export hub for undersea cables if the U.S. offshore wind sector faces challenges under a potential Trump presidency, indicating confidence in maintaining margins despite possible project halts.
Competitors' Market Positioning: Prysmian, a major competitor with no U.S. exposure, believes it will remain unaffected by the Trump presidency as its transmission business is focused on Europe, while analysts suggest that local manufacturers may benefit from proposed tariffs against foreign imports.
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.
