Reuters: Orsted Shares Jump After Court Lifts Trump-Era Ban

Ørsted's stock price increased following a U.S. federal judge's temporary injunction allowing the company to resume construction on its Revolution Wind offshore project. The ruling temporarily prevents the enforcement of a stop-work order issued by the U.S. Bureau of Ocean Energy Management during the previous administration. This provides Ørsted with immediate relief while the court continues to review the underlying legal case. Construction was 80% complete when work was halted. Reports indicated the stop-work order was costing Ørsted $2 million daily. This temporary legal victory mitigates the immediate risk of a potential credit downgrade. However, analysts note that the White House retains the option to appeal the decision.