Ørsted shares crashed nearly 17% to a record low Monday after the US government abruptly ordered a halt to construction on its $9.4B, 65-turbine Revolution Wind project off Rhode Island. (CNBC)
Analysts warn a worst-case scenario—the project never delivering power—could trigger multi-billion write-downs and push Ørsted to raise far more than planned. The company says it will comply while weighing options to restart construction.