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Orsted ( (DOGEF) ) just unveiled an update.
Ørsted has reported strong progress in its strategic priorities for the first nine months of 2025, highlighted by the completion of a rights issue and the divestment of a 50% stake in the Hornsea 3 Offshore Wind Farm in the UK. Despite lower wind speeds, the company increased its generation by 8% compared to the same period last year, and it continues to maintain its full-year EBITDA guidance. Ørsted’s financial robustness has been significantly strengthened, and the company remains focused on maintaining its leadership in the offshore wind industry. The company also announced a strategic organizational adjustment, including a reduction of approximately 2,000 positions by the end of 2027, to enhance competitiveness.
More about Orsted
Ørsted is a global leader in the development, construction, and operation of offshore wind farms, with a primary focus on Europe. With more than 30 years of experience, the company has installed 10.2 GW of offshore capacity and has 8.1 GW under construction. Ørsted’s renewable energy portfolio spans Europe, Asia Pacific, and North America, including onshore wind, solar power, energy storage, bioenergy plants, and energy trading. Headquartered in Denmark, Ørsted employs around 8,000 people and is listed on Nasdaq Copenhagen.
Find detailed analytics on DOGEF stock on TipRanks’ Stock Analysis page.