Stock Movers: Stellantis Plunges, Kongsberg Soars, Orsted Rises

Stellantis Restructuring and EV Strategy Shift

• 📉 Stellantis announced charges of approximately €22 billion ($26 billion) due to a major operational overhaul, significantly exceeding analyst expectations.
• 💡 The charges reflect an overestimation of the energy transition pace, leading Stellantis to scale back fully electric models and exit a joint venture with a South Korean battery manufacturer.
• 🎯 The company is refocusing on the US market and reducing its emphasis on Europe as part of this restructuring.
• ⚠️ The significant stock drop puts pressure on the CEO, who took helm less than a year ago, to demonstrate the success of these strategic changes.

Kongsberg's Defense Sector Success

• 🚀 Kongsberg shares surged as much as 17% following strong financial results, with all divisions reporting double-digit growth in the fourth quarter and 2025.
• 🛡️ A key driver was a €140 million contract to supply remote weapon stations for German and Swedish armored vehicle systems.
• 📊 The company also reported a robust order backlog, indicating a strong overall business performance.

Orsted Reaffirms Outlook and Reinstates Dividends

• 📈 Orsted shares rose after the Danish wind company reaffirmed its 2026 EBITDA forecast and plans to reinstate dividends.
• 🏗️ Analysts noted reassurance regarding the construction timelines of US projects.
• 💰 The company aims to return cash to investors for the first time since 2023 and accelerate spending, signaling a move past last year's challenges.
• ⚠️ Despite positive steps, the outlook for the wind industry remains uncertain due to ongoing supply chain issues and political headwinds, particularly from the Trump administration's stance on wind turbines.