Vestas Enters 2026 on a High After Defying Trump’s War on Wind

The Vestas Wind Systems logo on the nacelle of a wind turbine at the Pujalt wind farm in the Anoia region of Catalonia, Spain.

Photographer: Angel Garcia/Bloomberg

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By Sara Sjolin and Marton Kasnyik

December 19, 2025 at 5:15 AM UTC

Things weren’t looking good for Vestas Wind Systems A/S in January, with the return of Donald Trump and his anti-renewables policies after an already difficult stretch for the turbine maker.

Now, the Danish company is ending 2025 among Europe’s biggest winners, with a 74% share-price gain marking a big rebound from a slump the prior year. It’s also the top performer in the OMX Copenhagen 25 Index, helping offset a plunge for Ozempic maker Novo Nordisk A/S.