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.

Orsted stock fell 16% to a record low on Monday after the world's biggest offshore wind farm developer said the Trump administration issued a stop-work order for its nearly completed Revolution Wind project off the coast of Rhode Island.

Wind-turbine operator Orsted suffered its second catastrophic day in the stock market this month, skidding to a new record low after the Trump administration halted work on a nearly complete project.

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.

Top executives are meeting shareholders in London and Frankfurt this week to shore up support for the offering after a US decision to halt a key wind project, Revolution Wind off Rhode Island, sent the stock to a record low.

The Trump administration plans to revoke a key permit for a Maryland offshore wind project, court documents show.