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    James Carmichael

    Senior Equity Analyst at Berenberg

    James Carmichael is a Senior Equity Analyst at Berenberg, specializing in the coverage of European energy and industrials, with a focus on companies involved in hydrogen technology and the broader energy transition. He regularly covers firms such as Nel ASA, Kistos Holdings, Thyssenkrupp Nucera, and Orsted, delivering detailed forecasts and investment calls including price target adjustments and earnings projections. Carmichael has been recognized for his sector expertise and accurate forecasts on platforms such as TipRanks, and his recommendations have contributed to notable share movements, with his models often cited in institutional investment commentary. His professional background includes several years at Berenberg, and while detailed licensing information is not public, his work adheres to EU regulatory disclosure and best practice standards for financial analysts.

    James Carmichael's questions to EQUINOR (EQNR) leadership

    James Carmichael's questions to EQUINOR (EQNR) leadership • Q1 2025

    Question

    James Carmichael asked if there was any indication why only Empire Wind had received a stop work order and if there were concerns others could follow. He also requested more details on the new power business area, including its assets and strategic rationale.

    Answer

    Torgrim Reitan, an Equinor executive, declined to speculate on other projects, directing such questions to the U.S. government. Regarding the new power business, he explained it will combine existing assets from the Renewables and MMP segments, such as the Triton assets in the U.K., to create synergies and better manage the growing link between gas and power markets.

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