Orsted plunges 26% as it plans $9.4 billion rights issue after ‘adverse' turn in U.S. market
CNBC·2025-08-11 08:10
Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the U.K. coast. Shares were 25.5% lower by 9:09 a.m. in London (4:09 a.m. ET). This breaking news story is being updated. The company said this turn of events left it unable to raise funds from a planned partial divestment of its Sunrise Wind project off the coast of New York. Orsted will be offering existing shareholders first refusal on the new shares under the planned move. Orsted shares crashed more than 25% on Monda ...