Blown off course, turbine giant Orsted seeks second wind [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
Orsted was dealt a $4 billion blow last year when it cancelled wind farm projects in the United States, a crucial market for the group. The return of Donald Trump, who dislikes wind power, to the White House in January could prove another challenge for the company. Orsted recently announced it was withdrawing from the Danish government's "Green Fuels for Denmark" project, and it has asked shareholders to share the burden and suspended dividends until the 2026 financial year. "A few years ago, they had the ambition of being a major green actor but now we don't hear that they want to change the world," climate editor Jakob Martini of business newspaper Finans told AFP. Orsted is seeking to refocus on offshore wind and "earn money from that core business", said Martini, who has been following the sector for several years. Supply chain disruptions, high interest rates, rising material costs, falling electricity prices and political uncertainties have all rocked Orsted. - US h
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News
- Equinor ASA (NYSE: EQNR) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Blue Chip Companies Are Ditching ESG Terms From Their Loans [Yahoo! Finance]Yahoo! Finance
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- Oil and gas companies operating in Norway projected to invest $25bn in 2025 [Yahoo! Finance]Yahoo! Finance
EQNR
Earnings
- 10/24/24 - Beat
EQNR
Sec Filings
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/12/24 - Form 6-K
- EQNR's page on the SEC website