Orsted and Vestas Gain as US Court Overturns Trump Wind Ban (1)

Orsted A/S shares jumped to a four-month high after a US federal judge ruled President Donald Trump’s ban on new wind projects illegal.

The Danish wind-energy developer rose as much as 4.4%, while turbine manufacturer Vestas Wind Systems A/S climbed as much as 3.7% in Copenhagen trading. Both subsequently pared gains.

Wind-energy stocks have been whipsawed this year by Trump’s efforts to halt the build-out of offshore wind along US coasts. The companies have also been hit in recent years by persistent supply-chain bottlenecks and soaring costs.

US District Judge Patti Saris said Monday the president’s executive order is “arbitrary ...