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World’s Biggest Wind Turbine Maker Sinks After Trump Victory

  • Vestas Wind Systems gets about 40% of sales from Americas
  • Chairman expects tax incentive for wind to stay in place
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European Markets Open With Big but Unspectacular Moves

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Shares in Vestas Wind Systems A/S plunged after U.S. voters unexpectedly propelled Republican nominee Donald Trump to the presidency, sparking concern that the renewable- energy industry will face future political headwinds.

The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.10 kroner as of 12:50 p.m. in Copenhagen. Stock of the Danish company already lost ground last week after U.S. polls tightened, bringing this year’s declines to about 10 percent.