Equinor's Empire Wind Project Resumes, Expected to Power 500,000 Homes by 2027
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: CNBC
- Project Resumption: A federal judge has temporarily lifted the Trump administration's suspension of the Empire Wind project, allowing construction to safely restart, with expectations to generate electricity for over 500,000 homes by 2027, significantly enhancing renewable energy supply for New York City.
- Legal Challenge: Equinor has accused the Trump administration of unlawful actions in suspending the project, utilizing legal avenues to advance its progress, demonstrating the company's firm stance and legal strategy in the face of policy challenges.
- National Security Controversy: The Department of the Interior halted five offshore wind projects, including Empire Wind, citing national security concerns, reflecting the complex impact of policy environments on renewable energy development, which may affect future project approvals and implementations.
- Industry Impact: The advancement of the Empire Wind project not only benefits Equinor but may also provide legal precedents for other affected wind projects like Coastal Virginia Offshore Wind and Revolution Wind, potentially driving recovery and growth across the entire sector.
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.
