Orsted shares jump 7% after U.S. court overturns Trump project block

Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the U.K. coast.

Ucg | Universal Images Group | Getty Images

Shares of Danish renewables giant Orsted jumped on Tuesday, after a U.S. judge ruled the embattled firm can resume construction of an offshore wind farm that was halted by the Trump administration.

The decision means Orsted can resume work on the nearly completed Revolution Wind project off the coast of Rhode Island and Connecticut.

Shares of the Copenhagen-listed company were among the top performers on the pan-European Stoxx 600 index. The stock was last seen up around 7.3% during early morning deals.

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