Orsted Shares Surge After Court Lifts Trump Era Ban

Shares of the Danish renewable energy leader, Orsted, experienced a significant rise on Tuesday. This followed a U.S. legal ruling allowing the company to continue building an offshore wind farm, which had been previously stalled by the Trump administration.

The judgment permits Orsted to proceed with the final stages of the Revolution Wind project, located near the shores of Rhode Island and Connecticut.

The company, publicly traded in Copenhagen, saw its stock price among the top gainers on the pan-European Stoxx 600 index, climbing approximately 7.3% in the early trading session.