WEBVTT - Rheinmetall Rises, Orsted Gains, HelloFresh Drops 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's have a look at the stocks on the move

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<v Speaker 3>today here in Europe. I'm Caroline Hepgar with Tom McKenzie

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<v Speaker 3>and we're joined by Bloomberg reporter at Louis Moon Louise.

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<v Speaker 3>Good morning, Rai matan other European defense stocks are rising

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<v Speaker 3>because of the progress in Germany on building the bunderswere

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<v Speaker 3>on spending on the Bundeswear, which of course is the

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<v Speaker 3>German armed forces.

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<v Speaker 1>Indeed, yeah, so Germany is set to approve twenty nine

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<v Speaker 1>procurement contracts for the military that's next week, and that

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<v Speaker 1>will be for a record fifty two billion euro, so

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<v Speaker 1>huge spending from Germany. This is, you know, part of

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<v Speaker 1>their push to transform the military. You had Chancellor Mertz

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<v Speaker 1>last night pledging to make it the strongest conventional army

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<v Speaker 1>in Germany. Obviously, this comes on top of the rise

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<v Speaker 1>in defense spending that we've been seeing since Russia's invasion

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<v Speaker 1>of Ukraine. So as you say, that's benefiting Rai Matau

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<v Speaker 1>in Germany. B Systems in the UK, SARB and stock

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<v Speaker 1>coming across the board really in Europe all ticking up

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<v Speaker 1>into the green on the expectation of benefiting from that

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<v Speaker 1>that the rise in spending, but particularly that that massive

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<v Speaker 1>German record contract in.

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<v Speaker 4>A different sector, but gains coming through again, which is

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<v Speaker 4>in the wind, the wind space, that wind energy space,

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<v Speaker 4>all stead on the rise. And that's after a US

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<v Speaker 4>federal judge ruled that President Trump's executive world of banning

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<v Speaker 4>new wind projects is illegal.

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<v Speaker 1>Yes, this has really been seeing as a win for

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<v Speaker 1>renewable energy. So Trump in January he issued a directive

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<v Speaker 1>effectively halting approvals of wind farms and this so this

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<v Speaker 1>has been kind of ongoing throughout this whole year, and

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<v Speaker 1>all Staid in particular in Europe has has really had

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<v Speaker 1>quite a tumultuous ride of their shares this year on

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<v Speaker 1>the back of this news. So he halted approve of

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<v Speaker 1>wind farms, effectively freezing dozens of projects all around the UK.

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<v Speaker 1>So clean energy project projects around the US. Sorry, this

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<v Speaker 1>was then challenged by about a dozen US states as

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<v Speaker 1>well as a clean energy group, and as you say,

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<v Speaker 1>overnight the federal judge ruled that that ban was illegal.

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<v Speaker 1>So you would think obviously that then you know, all

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<v Speaker 1>said Vestas and both in Copenhagen also others all around Europe,

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<v Speaker 1>that that will benefit them and they could go ahead

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<v Speaker 1>with these projects in the US. So both ticking up

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<v Speaker 1>into the green as well this morning.

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<v Speaker 3>Okay, interesting on wind farms. As for Hello Fresh, another

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<v Speaker 3>German name, the subscription meal company, they're dropping today.

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<v Speaker 1>Why so, there was a note out from Morgan Stanley,

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<v Speaker 1>and Morgan Stanley have downgraded Hello Fresh. So they're saying

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<v Speaker 1>that there's intensifying competition in the US in the ready

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<v Speaker 1>to eat meal space, and so therefore there's a lot

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<v Speaker 1>more uncertainty about Hellofresh's long trajectory, so potential deterioration in

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<v Speaker 1>the fourth quarter in particular, but then also ongoing in

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<v Speaker 1>the long term, so that they're saying that you know this,

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<v Speaker 1>this risk reward is skew to the downside on that

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<v Speaker 1>lack of near term catalyst to boost Hello Fresh, and

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<v Speaker 1>also saying you know that they need to invest a

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<v Speaker 1>lot more next year to stabilize their performance. So a

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<v Speaker 1>downgrade from Morgan Stanley. If you look at now of

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<v Speaker 1>the analyst ratings, I think we was only only the

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<v Speaker 1>only analysts for a cell and there's about ten buys

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<v Speaker 1>and eight hold so a bit of an outlier in

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<v Speaker 1>that space, but the shares really reacting the back of that.

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<v Speaker 1>They dropped really heavily open this morning.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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