Trump executive order delivers a blow to wind-energy industry; Orsted sees setbacks on Sunrise Wind
The Trump administration has delivered a potential body blow to the wind-energy industry with a sweeping executive order that pauses new leases and permits for arrays in federal waters and on land.
Orsted Shares Sink on Writedown and Trump’s Anti-Wind Orders
Orsted A/S shares slumped after it recorded a $1.7 billion hit on its earnings as the cost of building offshore wind farms in the US keeps rising, complicating the company’s efforts to expand the green technology from Europe.
Orsted's U.S. Struggles Deepen as Trump Derails Offshore Wind Ambitions
Orsted's shares plunge due to a surprise impairment charge and President Trump's executive order halting offshore wind development in US federal waters.
World’s largest offshore wind farm maker Orsted takes fresh $1.7 billion write-down in the U.S. as its Trump nightmare begins
Danish offshore wind giant Orsted faced a fresh stock market hammering on Tuesday after the group announced a new billion-dollar impairment charge on the same day its foe Donald Trump ascended to the White House.
Trump deals blow to future of local offshore wind projects
As promised, President Donald Trump dealt a blow to the offshore wind industry on his first day in office Monday by signing an executive order that halts new leases for offshore wind farms in federal waters.
Orsted's $1.7 Billion Blow: What It Means for Offshore Wind and Investors
And while the challenges in the young U.S. offshore wind industry are real, Orsted's preliminary 2024 EBITDA of 24.8 billion crowns shows the company isn't exactly on life support. Still, investors are left wondering how much more turbulence the company can weather as it bets big on clean energy in a complex,
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Orsted suffering ‘recurring nightmare’ in the US – ‘and things can still get worse’
Share price of Danish renewables champion has taken a kicking in recent months through combination of Trump attacks, ...
Orsted flags $1.7 bln impairment on Sunrise Wind delays, increased costs
Denmark's Orsted announced on Monday an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...
Orsted Hits Earnings Target Despite $1.7 Billion Impairment on U.S. Project Delays
Orsted’s full-year earnings landed within its guidance range despite a 1.69 billion impairment on higher costs at its Sunrise ...
Citi Keeps Their Hold Rating on Orsted (DOGEF)
Citi analyst Jenny Ping maintained a Hold rating on Orsted (DOGEF – Research Report) today and set a price target of DKK300.00. The company’s ...
Trump halt on offshore wind power leases hits European companies
European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new offshore wind power on his first ...
This wind power company just took a $1.7 billion write-down — and that excludes Trump executive order impact
Shares of Orsted fell as much as 18% after announcing a 12.1 billion Danish kroner ($1.7 billion) write-down that the Danish ...
Orsted’s Hold Rating: Balancing Impairments and Long-term Commitment Amid Project Developments
In a report released on January 20, Ahmed Farman from Jefferies maintained a Hold rating on Orsted (DOGEF – Research Report), with a price ...
Orsted Shares Plunge on $1.7 Billion Impairment
Shares in the renewable-energy company sank to the bottom of the Stoxx Europe 600 index Tuesday after it announced the ...