Orsted plunges further on U.S. halt order, threat to rights issue

Vestas Wind Systems A/S

25/08/2025 08:24

** Shares in Orsted ORSTED.CO are down nearly 18% after the U.S. government ordered to halt construction of the near-complete Revolution Wind project

** "Such delay could be a postponement to the planned equity raise, as well as its potential size," Citi said

** Orsted announced an emergency rights issue of DKK 60 billion ($9.4 billion) earlier in August to help fund a U.S. project

** The shares went down 30% since announcing its plan on August 11 on the near-term dilution for shareholders

** Company said it would proceed with the rights issue despite the construction halt

** Shares in Orsted once again reach their lowest level ever

** Peer Vestas VWS.CO shares down 3.2% amid hostile U.S. market situation

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))