Vestas Soars as Trump Tax Rules Seen Better Than Feared

Vestas Wind Systems A/S shares jumped on Monday after guidance issued by US government agencies brought much-anticipated clarity to the rules on how clean energy projects can qualify for tax credits and were more straight-forward than feared.

Shares rose as much as 18%, the steepest intraday gain since July 2022 in Copenhagen. The guidance is the last hurdle that investors need to move forward with renewable investments including wind. The rules are less stringent than many analysts were expecting and could open up a wave of wind turbine orders for Vestas.