Vestas hoping Obama wins

Vestas Wind Systems (OMX: VWS) has started the day strongly on a Bloomberg report that the U.S. Senate Finance Committee seems primed to extend production tax credit for wind energy for one year. The looming expiry had the markets betting for a very difficult 2013 for the entire industry. It has been widely report that Republican Presidential candidate Mitt Romney would wish to end wind energy support and support oil & gas industry. He would however face opposition within his party regarding such ideas. Vestas has said that intense negotiations regarding the tax break are ongoing.