Orsted has been in a persistent downtrend since its peak, without ever breaking the pattern. Technical analysis has long warned investors to stay away from the stock.
The company has now filed for a $9 billion restructuring plan, driven by its oversized offshore wind projects. The plan is backed both by the Danish state (which owns 50%) and external investors.
Shareholders of all sizes have been devastated.
The company has now filed for a $9 billion restructuring plan, driven by its oversized offshore wind projects. The plan is backed both by the Danish state (which owns 50%) and external investors.
Shareholders of all sizes have been devastated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.