Stock Track | Great Lakes Dredge & Dock Plummets 5.01% as Executive Order Casts Uncertainty on Offshore Wind Initiatives

Stock Track

Feb 20, 2025

Great Lakes Dredge & Dock (GLDD) stock plummeted 5.01% in intraday trading on Wednesday, following an executive order signed by President Trump that paused the issuance of new offshore wind leases and permits, and ordered a review of the U.S. wind generation permitting and leasing process.

While the executive order does not directly impact fully permitted and ongoing construction projects that GLDD has secured contracts for, it raises uncertainty around the company's long-term growth plans in the offshore wind energy market.

As stated in the Q4 2024 earnings call, GLDD has been broadening its target market for the subsea rock installation vessel Acadia to include international offshore wind projects, as well as protecting critical subsea infrastructure like oil and gas pipelines and telecommunication cables. However, the executive order signals a potential slowdown in the U.S. offshore wind market in 2027 and 2028, which could impact GLDD's offshore energy initiatives.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1159124183"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1159124183\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1159124183?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-20 00:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1159124183","market":"hk","top_or_hot":-1,"title":"Stock Track | Great Lakes Dredge & Dock Plummets 5.01% as Executive Order Casts Uncertainty on Offshore Wind Initiatives","media":"Stock Track","content":"<p>Great Lakes Dredge & Dock (GLDD) stock plummeted 5.01% in intraday trading on Wednesday, following an executive order signed by President Trump that paused the issuance of new offshore wind leases and permits, and ordered a review of the U.S. wind generation permitting and leasing process.</p>\n\n<p>While the executive order does not directly impact fully permitted and ongoing construction projects that GLDD has secured contracts for, it raises uncertainty around the company's long-term growth plans in the offshore wind energy market.</p>\n\n<p>As stated in the Q4 2024 earnings call, GLDD has been broadening its target market for the subsea rock installation vessel Acadia to include international offshore wind projects, as well as protecting critical subsea infrastructure like oil and gas pipelines and telecommunication cables. However, the executive order signals a potential slowdown in the U.S. offshore wind market in 2027 and 2028, which could impact GLDD's offshore energy initiatives.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Great Lakes Dredge & Dock Plummets 5.01% as Executive Order Casts Uncertainty on Offshore Wind Initiatives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Great Lakes Dredge & Dock Plummets 5.01% as Executive Order Casts Uncertainty on Offshore Wind Initiatives\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-20 00:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Great Lakes Dredge & Dock (GLDD) stock plummeted 5.01% in intraday trading on Wednesday, following an executive order signed by President Trump that paused the issuance of new offshore wind leases and permits, and ordered a review of the U.S. wind generation permitting and leasing process.</p>\n\n<p>While the executive order does not directly impact fully permitted and ongoing construction projects that GLDD has secured contracts for, it raises uncertainty around the company's long-term growth plans in the offshore wind energy market.</p>\n\n<p>As stated in the Q4 2024 earnings call, GLDD has been broadening its target market for the subsea rock installation vessel Acadia to include international offshore wind projects, as well as protecting critical subsea infrastructure like oil and gas pipelines and telecommunication cables. However, the executive order signals a potential slowdown in the U.S. offshore wind market in 2027 and 2028, which could impact GLDD's offshore energy initiatives.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLDD","symbol_name":"大湖疏浚船坞","start_time":0,"source_url":"","article_id":"1159124183","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159124183","pubTimestamp":1739983224,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Great Lakes Dredge & Dock  stock plummeted 5.01% in intraday trading on Wednesday, following an executive order signed by President Trump that paused the issuance of new offshore wind leases and permits, and ordered a review of the U.S. wind generation permitting and leasing process.While the executive order does not directly impact fully permitted and ongoing construction projects that GLDD has secured contracts for, it raises uncertainty around the company's long-term growth plans in the offsh","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLDD":"大湖疏浚船坞"},"translate_title":"由于行政命令给海上风电计划带来不确定性，Great Lakes Dredge&Dock股价暴跌5.01%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLDD":1},"content_text":"Great Lakes Dredge & Dock (GLDD) stock plummeted 5.01% in intraday trading on Wednesday, following an executive order signed by President Trump that paused the issuance of new offshore wind leases and permits, and ordered a review of the U.S. wind generation permitting and leasing process.\nWhile the executive order does not directly impact fully permitted and ongoing construction projects that GLDD has secured contracts for, it raises uncertainty around the company's long-term growth plans in the offshore wind energy market.\nAs stated in the Q4 2024 earnings call, GLDD has been broadening its target market for the subsea rock installation vessel Acadia to include international offshore wind projects, as well as protecting critical subsea infrastructure like oil and gas pipelines and telecommunication cables. However, the executive order signals a potential slowdown in the U.S. offshore wind market in 2027 and 2028, which could impact GLDD's offshore energy initiatives.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}