Supply chain issues have squeezed Vestas Wind's already tight margins since the pandemic began (think material costs, transportation), and the stock's value was cut in half.
This morning however, while the overall market saw a huge drop, especially in high-risk assets, $VWDRY opened nearly 10% up. It didn't open down -2% like other stocks then rise later in the morning. No. People were placing buy order on Vestas Wind before market open, presumably in response to last night's events.
Is this a bullish sign for European wind energy? Or do you think it's a coincidence or a misjudgement by the market?
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