Ørsted suffers historic drop and closes at around 26 USD after offshore project suspension
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
| Sectors | Wind Energy, Offshore |
|---|---|
| Themes | Markets & Finance, Prices |
| Companies | Bureau of Ocean Energy Management, Equinor, Orsted |
| Countries | Denmark, United States |
Ørsted recorded a decline of about 16% at market close on August 25, 2025. The stock fell to 179.10 DKK, equivalent to approximately 25.97 USD at an exchange rate of 0.145 USD for 1 DKK. This historic drop followed the announcement of the suspension of the Revolution Wind project, ordered by the U.S. administration citing national security concerns.
Immediate impact on financial markets
The stock’s decline reflects the extent of market concerns over the interruption of an offshore project that was already 80% completed, with an estimated value of 1.5 billion USD. The new price in USD highlights a significant short-term loss of value for the group, particularly as the suspension occurred when the project was nearing full completion.
Increased financial pressure
This drop increases pressure on Ørsted, which has already launched a capital increase through a rights issue of about 9.4 billion USD, supported by the Danish government, the majority shareholder with 50.1%. The current price in USD underscores the fragility of the market capitalization and heightens the importance of the success of this fundraising.
Regulatory precedents and outlook
The situation recalls a similar precedent with Equinor’s Empire Wind 1 project, which was also suspended before later being authorized to resume. A comparable outcome remains possible for Revolution Wind through legal appeals or political interventions. However, the historically low share price in USD could complicate negotiations or investor perceptions of Ørsted’s ability to complete its U.S. projects.
