Shares in ?rsted plunged to a new record low on Monday after the Trump administration halted one of the Danish wind farm developer’s almost-completed projects in a move that shocked investors.
Friday’s order from the US Bureau of Ocean Energy Management to stop work on the $1.5bn Revolution Wind project, which is four-fifths complete, sent ?rsted’s shares down 16 per cent to a record low of DKr179 on Monday.
“It’s pretty devastating. It’s questionable whether the company can proceed with a rights issue with this uncertainty hanging over it,” said Jacob Pedersen, an analyst at Sydbank.
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