TSX:NPI - Post Discussion
Post by
BayWall on Jun 28, 2023 9:51am
Optimistic
What Orsted thinks, others must do the same.
Shares in Denmark’s Orsted, the world’s biggest offshore wind developer, are up 5% after it announced plans to invest 475 billion Danish Krone, equivalent to $68.6 billion at current exchange rates, in new capacity between now and 2030.
Investors could be relieved that Orsted doesn’t need new equity or a dividend cut to pay for its plans, according to analysts at Bank of America. The company thinks it will be able to fund this investment and grow earnings at the same time.
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