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A couple of days doesn’t a trend make, but the trading action in European wind stocks has caught my eye in the last week or so.

Yesterday, Wednesday, March 30, wind turbine maker Vestas Wind Systems (VWDRY) gained 5.80%. That took the stock to a gain of 4.60% in the past week. The stock is down 2.26% for 2022 to date as of the March 30 close.

Wind developer Orsted (DNNGY) was up 3.27% to bring its gain in the last week to 7.71%. The stock is down 3.88% for 2022 to date.

With Europe looking to reduce its reliance on imports of Russian natural gas, increasing the region’s wind power capacity is one solution.

For a slightly more broad-based way to own this trend, I’d suggest Equinor (EQNR). The Norwegian company is a big producer of natural gas from the Norwegian continental shelf and owns infrastructure for liquefying natural gas for transport to Europe. The company has also been investing heavily in off-shore wind projects that use its expertise in deep-water construction. Shares of Equinor were up 5.90% today (with a boost from what sounds like good news on a solution Russia’s demand that it get paid in rubles for its natural gas exports. That request had threatened to upend the natural gas market since no one would sign contract in since there is no way, currently, to know what the currency might be worth in the future. The problem isn’t over but some progress, it appears today.)

All three of these stocks are members of my on line portfolios.

Equinor has been a member of my Volatility Portfolio since January 21, 2022. The stock is up 36.86% since that date.

Both Vestas and Orsted are members of my Jubak Picks Portfolio. Vestas is up 81.72% since March 14, 2019 and Orsted is down 15.32% since May 19, 2021 as of the close on March 30.