Finance
Orsted shares get major boost from Equinor's US offshore wind win
Published by Global Banking & Finance Review®
Posted on May 20, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 20, 2025
2 min readLast updated: January 23, 2026
Orsted shares jumped 15% as Equinor's US offshore wind project resumed, alleviating market concerns. Analysts expect reduced risk perception for Orsted.
By Nora Buli
OSLO (Reuters) -Shares of offshore wind developer Orsted rose 15% on Tuesday after the U.S. administration revoked an order to halt work on a project by peer Equinor, easing concerns over the Danish company's U.S. projects under development.
Late on Monday Equinor said the Trump administration had lifted a month-old stop-work order on its Empire Wind offshore wind project in New York, offering a reprieve for the Norwegian company and U.S. offshore wind in general.
The share price of Equinor, which is mostly reliant on oil and gas, was up 1.5% by 0948 GMT, while Orsted's shares were up 15.1%. Equinor holds a 10% stake in Orsted.
"We see a positive read-across here for Orsted as the Empire Wind stop-work order significantly raised market concerns about permitting/cancellation risks around Orsted's under-construction portfolio," analysts at Jefferies said in a note.
These concerns were a key contributor to shaving 40% or some $10 billion of Orsted's market value since the U.S. election, they added.
Orsted is currently constructing the Revolution Wind and Sunrise Wind projects off Rhode Island and New York.
"The reversal of the stop order last night came as a big surprise and will likely result in very significant outperformance by Orsted today, exacerbated by the short positions on the stock at present," analysts at JPMorgan said.
While further surprises in U.S. offshore wind could not be ruled out, the risk perception should clearly diminish now, although Orsted has plenty of other issues to grapple with, they added.
This includes the impact of tariffs on its U.S. projects and cost concerns elsewhere, with the company recently suspending the development of its British Hornsea 4 project, JPMorgan said.
(Reporting by Nora Buli; Editing by Jan Harvey)
The article discusses the impact of Equinor's US offshore wind project resumption on Orsted's share price and market perception.
Orsted shares rose due to the lifting of a stop-work order on Equinor's Empire Wind project, reducing market concerns.
Orsted faces challenges like tariffs on US projects and cost concerns, including the suspension of its Hornsea 4 project.
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