Equinor (EQNR) Cleared to Resume New York Empire Wind Project Work
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Newsfilter
- Legal Victory: U.S. District Judge Carl Nichols ruled that Norwegian wind developer Equinor can resume work on its New York Empire Wind project, providing a temporary reprieve from the Trump administration's halt, which threatened irreparable harm to the project.
- Policy Challenge: This marks the second legal setback for Trump's offshore wind policy this week, following a similar ruling allowing Danish company Orsted to restart its project, indicating increasing legal challenges to Trump's offshore wind initiatives.
- Project Impact: Nichols highlighted that the Trump order limited access to rare vessels necessary for the Empire Wind project, threatening its overall existence and underscoring the complex balance between national security concerns and renewable energy development.
- Future Outlook: Equinor stated it will focus on safely restarting construction activities halted during the suspension and will continue engaging with the U.S. government to ensure the safe, secure, and responsible execution of its operations.
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.
