Pedersen and Soren Jeppesen COPENHAGEN (Reuters) -Shares in Orsted plunged 17% on Monday after the U.S. halted the Danish company's Revolution Wind project off Rhode Island amid President Donald Trump's pushback on renewable energy investments.

An order to stop work on the Revolution Wind project off Rhode Island further rattled the beleaguered Danish company.

The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.