{"id":52303,"date":"2026-03-31T09:21:12","date_gmt":"2026-03-31T09:21:12","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/52303\/"},"modified":"2026-03-31T09:21:12","modified_gmt":"2026-03-31T09:21:12","slug":"orsted-stock-plummets-to-record-low-after-trump-halts-u-s-wind-farm","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/52303\/","title":{"rendered":"Orsted Stock Plummets to Record Low After Trump Halts U.S. Wind Farm"},"content":{"rendered":"

Shares of Orsted, the Danish wind farm developer, plunged on Monday after the Trump administration ordered a halt<\/a> to a $6.2 billion project off the coast of Rhode Island, raising questions about the future of the company.<\/p>\n

Orsted, which has helped establish offshore wind as a major source of power in Europe, had tried to replicate that success through large investments in the United States. It has been tripped up, first by inflation and higher interest rates<\/a> and, more recently, by opposition to renewable energy from President Trump.<\/p>\n

The company\u2019s share price fell more than 16 percent Monday to fresh record lows in trading in Copenhagen.<\/p>\n

\u201cThis latest development from the hostile U.S. administration is yet another blow to Orsted and makes the stock difficult to invest in,\u201d Deepa Venkateswaran, an analyst at the Wall Street research firm Bernstein, wrote in a note to clients.<\/p>\n

The wind farm, called Revolution Wind, aimed to supply electricity to 350,000 homes in Rhode Island and Connecticut by next spring.<\/p>\n

Revolution Wind is a 50\/50 joint venture between Orsted and Skyborn Renewables, a company in the investment portfolio of BlackRock\u2019s infrastructure unit.<\/p>\n

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