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Equinor Resumes Empire Wind Project Construction After Stop Work Order Lifted

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Equinor Resumes Empire Wind Project Construction After Stop Work Order Lifted

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Equinor ASA ( (EQNR) ) has shared an update.

On May 19, 2025, Equinor ASA announced the lifting of a stop work order for the Empire Wind project, allowing construction to resume. This development, facilitated by collaboration with U.S. and Norwegian officials, is expected to support local economies and create jobs while advancing Equinor’s energy infrastructure investments in the U.S. The project, which aims to provide power to 500,000 homes in New York, had been halted since April 16, 2025. Equinor plans to assess project economics and engage with suppliers to mitigate the impact of the delay, with a target commercial operation date set for 2027.

The most recent analyst rating on (EQNR) stock is a Buy with a $30.90 price target. To see the full list of analyst forecasts on Equinor ASA stock, see the EQNR Stock Forecast page.

Spark’s Take on EQNR Stock

According to Spark, TipRanks’ AI Analyst, EQNR is a Outperform.

Equinor ASA’s stock score reflects a combination of strong operational efficiency and a stable financial position, balanced by challenges in profitability and cash flow growth. The technical indicators suggest a neutral market stance, while the low P/E ratio and high dividend yield highlight an attractive valuation. The earnings call reinforced the company’s strong gas production but also brought attention to the Empire Wind project’s uncertainties and rising costs, tempering overall sentiment.

To see Spark’s full report on EQNR stock, click here.

More about Equinor ASA

Equinor ASA is a Norwegian energy company primarily involved in oil and gas production, as well as renewable energy solutions. The company has a significant focus on the United States market, having invested approximately USD 60 billion in various energy projects, including oil, gas, and renewables, since the early 2000s.

Average Trading Volume: 4,173,558

Technical Sentiment Signal: Hold

Current Market Cap: $64.37B

For detailed information about EQNR stock, go to TipRanks’ Stock Analysis page.

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