Equinor Jumps Upon $3B US Wind Project

Author

Adam Garcia
January 02, 2025

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Good morning. It's January 2nd, and today we’ll look at the latest developments in Equinor, Microstrategy, and Morgan Stanley.

Technology

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Previous Close 📈

What to Watch

Earnings Calendar:

  • Resources Connection [RGP]: Aftermarket

  • Lifecore Biomedical [LFCR]: Aftermarket

Economic Reports:

  • Initial Jobless Claims (Dec) : 8:30 a.m.

  • Construction Spending (Nov): 10:00 a.m.

Wind Energy

Equinor Advances U.S. Offshore Wind Plan

Equinor has successfully arranged over $3 billion in financing for its Empire Wind 1 offshore wind project in the United States. The Norwegian energy giant shared the update today, stating that the project represents a significant step forward in its U.S. renewable energy portfolio.

Equinor’s shares are up 3% in premarket trade.

The company estimates the total investment for the project, including fees tied to the South Brooklyn Marine Terminal and anticipated tax credits, will amount to approximately $5 billion.

Equinor also plans to reduce its exposure by bringing in a new partner through a farm-down arrangement, further optimizing the project’s value.

Empire Wind 1, located off the coast of New York, is expected to supply renewable energy to 500,000 homes in the state. Commercial operations are slated to begin in 2027, making it a cornerstone in New York’s push toward sustainable energy.

The financing marks a major milestone for Equinor as it continues to expand its offshore wind portfolio and contribute to the global energy transition.

Cryptocurrency

MicroStrategy, Coinbase Rally as Bitcoin Gains Again

Cryptocurrency-focused stocks are off to a strong start in 2025, with shares of MicroStrategy (MSTR) and Coinbase (COIN) climbing nearly 4% in premarket trading today.

The rally comes as Bitcoin (BTCUSD) is also rising by over 2%, hitting $96,500. Ethereum (ETHUSD), another major cryptocurrency, has also gained momentum, up 3.4% in early trading.

The crypto market and associated stocks surged after Donald Trump's election victory in November, as industry leaders anticipated more favorable regulatory conditions under his administration compared to the Biden era. While the rally slowed toward the end of December, today’s performance suggests renewed optimism as the new year begins.

Bitcoin achieved a historic milestone in December, surpassing $100,000 for the first time, though it has since retreated slightly. Analysts are forecasting further gains, with some predicting the cryptocurrency could double in value by the end of 2025.

Despite closing 2024 below peak levels, both Coinbase and MicroStrategy are seeing renewed investor interest tied to Bitcoin’s performance. As cryptocurrency prices stabilize, related equities appear poised for potential growth in the coming months.

Banking

Morgan Stanley Follows Other Banks, Quits Global Climate Coalition

Morgan Stanley announced its withdrawal from the Net-Zero Banking Alliance (NZBA), joining a growing list of U.S. banks stepping away from the global climate coalition. The decision aligns with recent exits by Citigroup, Bank of America, Wells Fargo, and Goldman Sachs.

While Morgan Stanley did not explicitly state its reasons for leaving, the move comes amidst mounting scrutiny from U.S. Republican lawmakers. Critics argue that the alliance’s climate-focused measures, such as limiting financing to fossil fuel projects, could potentially breach antitrust laws.

Despite its departure, the bank emphasized its ongoing commitment to addressing climate change. The firm also pledged to continue advising clients on decarbonization strategies and to uphold its 2030 emissions reduction targets tied to its lending portfolio.

This shift reflects a broader recalibration among U.S. financial institutions, navigating between political pressures at home and global climate responsibilities.

The NZBA, part of the United Nations-backed Race to Zero initiative, advocates for aligning banking practices with net-zero emissions goals. However, its membership has faced increasing political and regulatory headwinds in the U.S.

2025 Stock Watch

Stocks have soared 25% in 2024...

The S&P has blown through more than 50 all-time highs since the year began...

And a 50-year Wall Street legend has just issued an urgent BUY alert to his 1 million followers:

Movers and Shakers

VS Media Holdings Limited [VSME] - Last Close: $1.30

VS Media Holdings Limited (VSME) is a digital media company specializing in content creation and distribution across social platforms. The stock has risen 9% in the last month.

The company announced the acquisition of MLINK Limited, a Macau-based firm, by issuing 1.25 million Class A Ordinary Shares. This strategic move will enhance VS Media's presence in the region. This is causing its shares to rise 47% in premarket trade.

My Take: Despite the gain in the last month, VS Media reported a net loss of $3.34 million in the first half of 2024, and the stock has lost 50% of its value in the last year. So be cautious when investing here.

MicroAlgo, Inc. [MLGO] - Last Close: $3.76

MicroAlgo Inc. (MLGO) is a Cayman Islands-based holding company specializing in customized central processing algorithms to enhance user experience and optimize digital services. The stock has risen nearly 10% in the last month.

Its shares are rising 16% in premarket trading after the company announced the launch of a new quantum algorithm technology that enhances the efficiency and accuracy of quantum computers, particularly for complex computational tasks.

My Take: MicroAlgo shares are down 97% year-to-date, reflecting broader challenges for the firm. Keep this stock on your wait and watch list for now.

Carmell Corporation [CTCX] - Last Close: $0.28

Carmell Corporation (CTCX) is a biotechnology company specializing in regenerative medicine.

The company has announced a definitive agreement to acquire Elevai Skincare, a leader in physician-dispensed exosome skin and hair care products, which is causing its stock to rise 100%+ in premarket trade.

My Take: Carmell's stock is down 93% over the last year. It might be best to wait for further information on the acquisition to gauge its impact on the firm.

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Everything Else

  • Banking and auto sectors drag European markets down in early 2025 trading.

  • Hedge fund giant D.E. Shaw achieved 18% and 36% returns and is set to return profits to investors.

  • Interest rate cuts and wage gains support Chile’s economic recovery in November.

  • Gold’s 27% rise prompts Rolex to hike luxury watch prices globally.

  • Chinese government incentives boost December EV sales as BYD leads the charge.

  • Mako Mining will restart operations at Arizona’s Moss Mine after a planned acquisition.

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.

Best Regards,

— Adam Garcia
Elite Trade Club

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