Orsted Shares Jump After Judge Allows Trump-Halted Wind Project To Resume Shares of Danish wind giant Orsted A/S rose on Tuesday after a US federal court ruled that construction work could resume on the company's $5 billion Revolution Wind project off the coast of Rhode Island while legal challenges with the Trump administration persist. On Monday, the US District Court for the District of Columbi...
Orsted Shares Jump After Judge Allows Trump-Halted Wind Project To Resume Shares of Danish wind giant Orsted A/S rose on Tuesday after a US federal court ruled that construction work could resume on the company's $5 billion Revolution Wind project off the coast of Rhode Island while legal challenges with the Trump administration persist. On Monday, the US District Court for the District of Columbia granted a preliminary injunction sought by Revolution Wind regarding the Trump administration's construction-halt order issued just before Christmas, citing national security risks . The order, issued by the Department of the Interior's Bureau of Ocean Energy Management, affected Orsted's Revolution Wind and Sunrise Wind projects. Revolution Wind was nearly 90% complete when the Trump administration halted the project. District Judge Royce C. Lamberth said that, with the project so close to completion, it "would be irreparably harmed" unless work was allowed to continue during the legal battle. In a statement released on its website , the Danish company said, "The project will resume construction work as soon as possible, with safety as the top priority, to deliver affordable, reliable power to the Northeast." The Interior Department issued a stop-work order late last year after claims that turbines could interfere with military radar systems. This followed an earlier August suspension, also citing national security. Judge Lamberth is also reviewing whether Orsted can proceed in a separate project called Sunrise Wind near New York. Shares of Orsted in Copenhagen rose 6.6%. The stock peaked in December 2020 and tumbled into a six-year bear market. Still no bottoming signals have materialized just yet. "This is great news for Orsted, and also gives justified hope that the construction halt on Sunrise Wind will be lifted soon," Sydbank's head of equity research, Jacob Pedersen, said. UBS analyst Justinus Steinhorst told clients, "There is relief in renewables, {UBXERNEW} up ...
(RTTNews) - European stocks are turning in a mixed performance in lackluster trading on Tuesday with investors largely staying reluctant to make big moves, choosing to wait for some crucial data for directional clues.
(RTTNews) - European stocks are turning in a mixed performance in lackluster trading on Tuesday with investors largely staying reluctant to make big moves, choosing to wait for some crucial data for directional clues.
Good morning . Global central bankers swing behind Jerome Powell. Donald Trump issues tariff threats against those trading with Iran. And why Elon Musk’s plan to put data centers in space may not be science fiction. Listen to the day’s top stories . S&P 500 Futures 7,006 -0.15% Nasdaq 100 Futures 25,886 -0.27% Bloomberg Dollar Spot Index 1,210.48 +0.08% Market data as of 06:23 am EST. Market data ...
Good morning . Global central bankers swing behind Jerome Powell. Donald Trump issues tariff threats against those trading with Iran. And why Elon Musk’s plan to put data centers in space may not be science fiction. Listen to the day’s top stories . S&P 500 Futures 7,006 -0.15% Nasdaq 100 Futures 25,886 -0.27% Bloomberg Dollar Spot Index 1,210.48 +0.08% Market data as of 06:23 am EST. Market data may be delayed depending on provider agreements. The backlash against the threat of criminal charges at the Federal Reserve continues to grow. Global central bankers threw their support behind Jerome Powell, saying they “stand in full solidarity” with the Fed. Meanwhile, we learn Jeanine Pirro didn’t seek sign-off from her bosses at the DOJ before subpoenaing the Fed and has no plans to back down from an investigation. Donald Trump said he is imposing a 25% tariff on goods from countries “doing business” with Iran, ratcheting up pressure on the nation’s government. But the announcement risks derailing his one-year trade truce with China, the world’s top buyer of Iranian oil. On the ground in Iran, protests persist in localized pockets as an activist group warned of imminent executions. Trump Takes Populist Economic Platform to Battleground Michigan Read the Story Citigroup is set to cut about 1,000 jobs as part of CEO Jane Fraser’s campaign to keep a lid on costs . And BlackRock is cutting hundreds of jobs across the company, amounting to about 1% of its global headcount. Better news for bankers at another Wall Street giant—Morgan Stanley is increasing bonuses in Asia by about 20% . Exxon Mobil CEO Darren Woods’ candor in saying the Venezuelan oil industry is currently “uninvestable” demonstrates the risks for executives who cross Trump. Some oil firms are less wary of getting involved—Vitol and Trafigura are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude. The yen weakened and Japanese stocks rallied after reports that Sanae Takaich...
In recent trading, shares of Grupo Aeroportuario del Pacifico, S.A.B de C.V. (Symbol: PAC) have crossed above the average analyst 12-month target price of $267.67, changing hands for $269.27/share. When a stock reaches the target an analyst has set, the analyst logically has two
In recent trading, shares of Grupo Aeroportuario del Pacifico, S.A.B de C.V. (Symbol: PAC) have crossed above the average analyst 12-month target price of $267.67, changing hands for $269.27/share. When a stock reaches the target an analyst has set, the analyst logically has two
In recent trading, shares of CNX Resources Corp (Symbol: CNX) have crossed above the average analyst 12-month target price of $35.07, changing hands for $35.76/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of CNX Resources Corp (Symbol: CNX) have crossed above the average analyst 12-month target price of $35.07, changing hands for $35.76/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on va
In recent trading, shares of Unity Software Inc (Symbol: U) have crossed above the average analyst 12-month target price of $47.22, changing hands for $47.29/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu
In recent trading, shares of Unity Software Inc (Symbol: U) have crossed above the average analyst 12-month target price of $47.22, changing hands for $47.29/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu
In recent trading, shares of IAMGold Corp (Symbol: IAG) have crossed above the average analyst 12-month target price of $17.25, changing hands for $17.80/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
In recent trading, shares of IAMGold Corp (Symbol: IAG) have crossed above the average analyst 12-month target price of $17.25, changing hands for $17.80/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
In recent trading, shares of Curtiss-Wright Corp. (Symbol: CW) have crossed above the average analyst 12-month target price of $609.71, changing hands for $624.60/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Curtiss-Wright Corp. (Symbol: CW) have crossed above the average analyst 12-month target price of $609.71, changing hands for $624.60/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on