Orsted drops 22% after rights issue plans

Vestas Wind Systems A/S

11/08/2025 08:09

** Shares in Orsted ORSTED.CO drop around 22% to bottom of STOXX 600 .STOXX index after the Danish offshore wind developer announced a $9.4 billion rights issue plan

** In a noted ahead of the market open, Jefferies says it expects the initial stock reaction to be "quite negative"

** It adds that while the capital hike will de-risk the balance sheet, the near term dilution risk "seems substantial"

** The capital increase represents almost 50% of Orsted's current market value of about 130 billion Danish crowns

** If losses hold, Orsted's stock will see its biggest one-day fall since November 2023

** German wind turbine maker Nordex NDXG.DE and its Danish peer Vestas VWS.CO are down between 3% and 4%

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))