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An update from Orsted ( (DOGEF) ) is now available.
Ørsted A/S has announced a rights issue to raise approximately DKK 60 billion, issuing 900,816,600 new shares with pre-emptive rights for existing shareholders. The capital raised will address funding needs for the Sunrise Wind project and strengthen Ørsted’s financial position amidst regulatory uncertainties in the US offshore wind market. This move is expected to enhance Ørsted’s capital structure, ensuring financial flexibility to support its 8.1 GW offshore wind construction portfolio and maintain its leadership in the global offshore wind sector.
More about Orsted
Ørsted A/S is a leading company in the renewable energy industry, primarily focusing on the development and construction of offshore wind farms. With 30 years of experience, Ørsted is committed to delivering clean, secure, and affordable energy, particularly in its core markets in Europe.
For a thorough assessment of DOGEF stock, go to TipRanks’ Stock Analysis page.