Empire Wind Granted Permission to Resume Offshore Construction Amid Safety Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: Businesswire
- Court Ruling: Judge Carl Nichols granted Empire Wind permission to resume offshore construction despite unresolved national security and aviation safety risks, highlighting the tension between legal decisions and environmental protection.
- Safety Concerns: Green Oceans raised alarms about the 54 turbines, which rise over 900 feet and are located near three major commercial airports serving nearly 150 million passengers, indicating a lack of necessary line-of-sight analyses that could jeopardize aviation safety.
- Economic Impact Analysis: Green Oceans challenged Empire Wind's economic impact claims, revealing that the reported job creation corresponds to only 52 permanent positions rather than the larger figures often cited, suggesting potential exaggeration of the project's economic benefits.
- Public Appeal: Green Oceans urged policymakers and the public to ensure that national security, aviation safety, and environmental protection are not compromised by commercial pressures, emphasizing that commercial interests should never take precedence over national safety.
Analyst Views on EQNR
Wall Street analysts forecast EQNR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQNR is 23.89 USD with a low forecast of 22.00 USD and a high forecast of 25.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 25.630
Low
22.00
Averages
23.89
High
25.79
Current: 25.630
Low
22.00
Averages
23.89
High
25.79
About EQNR
Equinor ASA, formerly Statoil ASA is a Norway-based international energy company. The Company’s purpose is to turn natural resources into energy. Equinor sells crude oil and delivers natural gas to the European market. It is also engaged in processing, refining, offshore wind and carbon capture and storage activities. Equinor ASA has five reporting segments: Exploration & Production Norway (E&P Norway), Exploration & Production International (E&P International), Exploration & Production USA (E&P USA), Marketing, Midstream & Processing (MMP) and Renewables (REN). The Company has several subsidiaries such as Equinor Nigeria Energy Company Ltd, Equinor Wind Power AS, Equinor International Netherlands BV and Equinor Brasil Energia Ltda.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
