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Orsted ( (DOGEF) ) has issued an announcement.
Ørsted has announced a significant impairment of DKK 12.1 billion in Q4 2024 due to increased US interest rates, seabed lease valuations, and challenges in executing the Sunrise Wind project. Despite these setbacks, Ørsted maintains its full-year EBITDA guidance, reflecting strong operational performance. The company remains committed to the US offshore wind market, despite increased project costs and schedule delays for Sunrise Wind, which is expected to be commissioned in the second half of 2027.
More about Orsted
Ørsted is a global leader in renewable energy, developing, constructing, and operating wind farms, solar farms, energy storage facilities, and bioenergy plants. Headquartered in Denmark, the company is recognized for its commitment to green energy and climate action, and its shares are listed on Nasdaq Copenhagen.
YTD Price Performance: -10.15%
Average Trading Volume: 823
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $18.05B
For a thorough assessment of DOGEF stock, go to TipRanks’ Stock Analysis page.
