Orsted AS Shares Decline Following US Wind and Solar Tax Rule Announcement

Orsted AS, a developer of offshore wind farms and bioenergy plants, has seen its shares decline in response to the announcement of proposed US wind and solar tax rule changes. The changes, part of President Donald Trump’s spending package, aim to phase out tax incentives for US wind and solar projects more aggressively.

Key Details of the Proposed Changes

• The proposed changes aim to phase out tax incentives for US wind and solar projects more aggressively
• The changes are part of President Donald Trump’s spending package

Impact on Orsted AS

• Orsted’s shares have dropped significantly
• Analysts have revised their price targets downward
• The company’s operations in the US, including its offshore wind and solar farms, are likely to be impacted by the proposed changes

Market Reaction

• The decline in Orsted’s shares reflects the broader market’s concerns about the potential impact of the new tax rules on the renewable energy sector