Siemens Energy, RWE warn of Trump fallout in US offshore wind sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: Reuters
Challenges for U.S. Offshore Wind Sector: Major renewable energy companies RWE and Siemens Energy have expressed concerns about potential delays and increased risks for U.S. offshore wind projects under a Trump presidency, indicating that investments may be postponed beyond initial timelines.
Investor Sentiment and Regulatory Concerns: Investors are wary of Trump's possible repeal of clean energy initiatives like Biden's Inflation Reduction Act, leading to a shift in outlook for offshore wind and hydrogen sectors, prompting RWE to initiate a significant share buyback as a strategic response.
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.
