Stock Movers Orsted Up, Heineken Strengthens, ASM International Slips
Sep 23, 2025
Orsted shares soar after a court ruling allows construction on a major wind farm to proceed. Heineken makes a bold move by acquiring Florida Ice and Farm for $3.2 billion, enhancing its Central American presence. Meanwhile, ASM International faces a downturn as it cuts revenue outlook due to disappointing demand from chipmakers. Dive into the dynamic world of stock movements and strategic business expansions!
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Judge Clears Way For Ørsted Wind Work
- A US judge allowed Ørsted to restart construction on the nearly finished Revolution Wind project, preventing likely irreparable harm to the project.
- The ruling boosts confidence in Ørsted's US portfolio and recent capital raise, though appeals remain possible.
Heineken Bets On Fast-Growing Central America
- Heineken will buy Florida Ice & Farm Company's beverage and retail units for $3.2 billion to strengthen its presence in Central America.
- Analysts see strong regional growth potential, though some view the price as possibly high.
ASM Cuts Guidance As Chip Demand Softens
- ASM International cut second-half revenue guidance due to weaker-than-expected demand from chipmaker clients like Intel.
- The downgrade signals softness across semiconductor equipment suppliers and pressures sector consensus estimates.