What's Going On With Equinor Shares Friday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: Benzinga
Equinor's Investment Withdrawal: Equinor ASA has canceled its plans to invest in Vietnam’s offshore wind sector, impacting the country's green energy goals and marking the closure of its international office for offshore wind development.
Recent Financial Performance: Despite the setback in Vietnam, Equinor reported a strong second-quarter adjusted revenue of $25.54 billion, surpassing expectations, although its adjusted EPS slightly missed consensus estimates.
Analyst Views on GINX
Wall Street analysts forecast GINX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GINX 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: 32.474
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Current: 32.474
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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.
