Orsted shares seen up on Sunrise Wind resume order

Oersted A/S

03/02/2026 07:57

** Shares in Orsted ORSTED.CO are seen up 2-3% after a U.S. ruling allowed the Danish offshore wind developer to resume work on its Sunrise Wind project

** Even though the market seems to have priced in the potential impact from a preliminary injunction, Jefferies sees this as helpful with "reasonable" negative cost impact for now from the second stop-work order

** The broker estimates over $42 million of impact for the company due to the stop work order

** Alphavalue says the month-long stoppage raises impairment risk and delays remain possible, although cancellation likelihood for both Sunrise and Revolution Wind "appears largely reduced"

** Orsted also says it would sell its European onshore business to Copenhagen Infrastructure Partners (CIP) for 1.44 million euros ($1.70 million)

($1 = 0.8460 euros)

(Reporting by Vera Dvorakova)

((vera.dvorakova@thomsonreuters.com))