COPENHAGEN, Jan 20 (Reuters) - Offshore wind developer Orsted (ORSTED.CO), opens new tab on Monday posted an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...
With 8.9 gigawatts of gross offshore wind capacity and 5 GW of net capacity at the end of 2023, Orsted is the leader in offshore wind, an industry that it pioneered in the 1990s. With around 75% ...
(Bloomberg) -- Orsted A/S shares slumped after it recorded a $1.7 billion hit on its earnings as the cost of building offshore wind farms in the US keeps rising, complicating the company’s ...
Orsted's U.S. ambitions have proved to be a headache. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of ...
Analyst Elizabelle Pang of DBS maintained a Buy rating on Orsted (DOGEF – Research Report), retaining the price target of DKK500.00. Elizabelle Pang’s rating is based on several compelling ...
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Bernstein analyst Deepa Venkateswaran maintained a Buy rating on Orsted (DOGEF – Research Report) yesterday and set a price target of DKK540.00. The company’s shares closed last Friday at $43.10.
Orsted (DNNGY) just dropped a bombshell on investors, revealing a massive 12.1 billion Danish crown ($1.7 billion) impairment in Q4. The culprit? Cost overruns and delays in its 924-megawatt ...
Danish developer Orsted took a total DKr12.1bn ($1.68bn) impairment in the fourth quarter 2024 due to stubbornly high US interest rates, supply chain turmoil in its Sunrise Wind array, and plummeting ...
Orsted will continue to build its Sunrise Wind project off New York and expects to make a single-digit profit on it over its lifecycle, CEO Mads Nipper said, but refused to comment on an executive ...
COPENHAGEN: Orsted A/S recorded a 12.1 billion-krone hit on its earnings as the costs of offshore wind farms, particularly in the United States, keep rising. The setback is the latest in a long ...
Orsted shares sank to the bottom of the Stoxx Europe 600 index Tuesday after the company announced a $1.7 billion fourth-quarter impairment amid higher costs at its U.S. Sunrise Wind project and ...
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