Vestas biting nails over Scottish vote
The vast majority of Danish companies don’t have much at stake as the Scots take to polls to vote for or against independence today, but wind turbine giants Vestas is not one of them.
According to Danske Bank, a Scottish ‘Yes’ to independence will be negative for Vestas stockholders, Børsen business newspaper reveals.
“As a Vestas stockholder, you are hoping that Scotland remains part of Britain,” Mads Zink, a chief stockbroker at Danske Bank, told Børsen.
“Because if it is a ‘Yes’, then one doesn’t know what’s going to happen in terms of future investment in sustainable energy. That’s a huge question and naturally negative for investors in that industry.”
No to the winds of change
Conversely, the Vestas stock will increase in value if the independence vote is shot down. The vote has generated uncertainty within Vestas in recent days, but that would evaporate with a ‘No’ vote.
Zink evaluated that no other company in the Danish stock arena would be directly affected by the Scotland vote.