Vestas’ stock experienced a significant surge on the Copenhagen Stock Exchange, closing with a 15% increase, adding 15.9 billion kroner to the company’s market value, bringing it to nearly 122 billion kroner. This surge follows positive news, including a substantial wind turbine order from the USA and an upgrade from JP Morgan.

The surge is attributed to two key developments: a 527-megawatt wind turbine order from an undisclosed customer in the United States and an upgraded stock assessment from JP Morgan. The US order signals resilience in the market despite uncertainties surrounding renewable energy policies.

JP Morgan revised its target price for Vestas shares to 161 kroner, up from the previous estimate of 126 kroner, further boosting investor confidence and driving trading activity. The revised target price suggests a more optimistic outlook for Vestas’ performance in the coming year.

The US order is particularly significant given recent concerns about the future of wind power in the US. With approximately 7.5 gigawatts in US orders already in the order book for the period up to 2028, this new order alleviates some concerns about market viability.

The stock’s recent struggles were partly influenced by uncertainties surrounding renewable energy policies. This new order suggests that Vestas’ customers are adapting to the evolving subsidy environment.

Prior to Friday’s increase, Vestas shares closed at 120.55 kroner.