Equinor Powers Up Empire Wind 1 Project With Financing Package: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
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Source: Benzinga
Equinor's Project Financing: Equinor ASA has secured over $3 billion in financing for its Empire Wind 1 offshore wind project, which aims to power 500,000 homes in New York and is set to begin operations in 2027.
Recent Developments: The company has exited upstream businesses in Azerbaijan and Nigeria for up to $2 billion, enhancing cash flow, and discovered a new oil field in the North Sea with estimated reserves of 2 to 12 million barrels.
Analyst Views on PWER
Wall Street analysts forecast PWER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PWER is USD with a low forecast of USD and a high forecast of 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.
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Current: 38.411
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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.
