Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.
UBS has stated that concerns regarding the future of renewable energy companies following Donald Trump's election win are exaggerated. The investment bank highlighted that the increasing demand for power, particularly from data centers, positions various energy sources favorably, naming Iberdrola, Orsted, RWE, and NextEra as stocks to watch for positive performance.
Shares in wind energy companies plummeted as Donald Trump appeared poised to win the US election, signaling a potential shift towards prioritizing fossil fuels over renewable energy. Danish firms Orsted A/S and Vestas Wind Systems A/S saw declines of 14% and 13%, respectively, while other companies like Germany’s RWE AG and Nordex SE also experienced losses.
Brookfield has acquired a £1.75 billion ($2.3 billion) stake in four offshore wind farms from Orsted A/S, marking a significant expansion into the UK offshore wind sector. This investment is one of the largest in the industry this year and is expected to support Britain's growth, providing a boost to Chancellor Rachel Reeves ahead of the upcoming budget announcement.
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