Orsted collapses by 23% after announcing a huge capital increase, representing almost half of its capitalization. Analysts are surprised by the size of the operation and hardly reassured by the Hatée communication, since the company was to publish its results in two days.
Orsted continues to sink. The Danish giant of renewable energies has reserved yet another bad news for its shareholders. The news of a large fundraising has been circulating since the end of last week and an indiscretion of Bloomberg. Perhaps the rumor forced the company to anticipate its publication of results, scheduled later in the week?
The fact remains that the programmed capital increase is even greater than expected (60 billion Danish crowns, 8 billion euros), and that it is accompanied by other weight announcements. In this news flow, the gradient half -yearly results are almost the most reassuring element, that is to say!
The company has also launched a process of selling its European Onshore activities, which could bring it some 35 billion Danish crowns (4.7 billion euros), while reducing its forecasts because of the whims of Eole.
“This new financial roadmap surprises by the magnitude of the envisaged capital increase, which should surprise investors. It will certainly reduce the risk weighing on the balance sheet, but the risk of short -term dilution seems considerable given the amount and the apparent absence of new growth relay”, is alarmed by Ahmed Farman, at Jefferies.
“More beneficial for bond holders than for shareholders”
The negative reaction of the title speaks volumes about the dead end that society is going through, which we regularly echoed. “I think that the structure of the rights issue should help limit the dilution of shareholders; however, it also highlights the structural weakness of the Orsted balance sheet and will probably prove more beneficial for bond holders than for shareholders, without generating additional effective effects”, summarizes the analyst Pierre-Alexandre Ramondenc, who follows the file in AlphaValue.
The variation of the day in the morning made the title gains evaporate in 2025, he who already came out of four years of crossing the desert.