Energy
Vestas Jumps on View US Consumers May Bear Brunt of Tariff Costs
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Vestas Wind Systems A/S shares rose Tuesday as the company maintained profit guidance for this year and continues to execute on a turnaround plan despite US tariffs.
It’s a sign that the Danish wind turbine company may be able to keep the momentum and profit growth going, even as higher tariffs will impact the key American market. The added cost of the levies will likely be ultimately born by American consumers through increased power prices.