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Orsted ( (DOGEF) ) just unveiled an update.
Ørsted announced adjustments to its business plan to enhance its capital structure with a focus on value-driven, self-funded investments, reducing its investment program by 25% through 2030. Despite challenges in the US offshore wind sector, Ørsted remains committed to increasing its offshore wind capacity and maintaining a strong market position, with plans to double its installed capacity over the next three years. The company aims to support its investment grade credit rating and expects its EBITDA to rise significantly by 2026.
More about Orsted
Ørsted is a global leader in renewable energy, focusing on the development, construction, and operation of offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. Headquartered in Denmark, the company is recognized for its commitment to climate action and has a science-based net-zero emissions target. Ørsted operates worldwide and is listed on Nasdaq Copenhagen.
YTD Price Performance: -21.36%
Average Trading Volume: 851
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.91B
For an in-depth examination of DOGEF stock, go to TipRanks’ Stock Analysis page.
