Sable Offshore shares surge 10.69% intraday after federal court victory clears production restart in California.

Sable Offshore Corp. (SOC) surged 10.69% intraday trading after a pivotal federal court victory cleared regulatory hurdles for its California asset’s production restart and a $250 million private placement announcement. The court ruling, highlighted by Roth Capital as a "legal win," removed operational barriers, while the capital raise signaled improved liquidity and strategic momentum. Analyst support, including reaffirmed "buy" ratings from Roth Capital and Jefferies, further reinforced optimism despite lowered near-term EPS forecasts. Unusual put-option activity and bearish positioning were offset by the immediate catalysts of the legal and financing developments, driving the sharp intraday rally.