Orsted pushes ahead with $9.4 bn rights issue despite US halt
Danish wind giant Orsted will proceed with its $9.4 billion rights issue even after the Trump administration abruptly halted its Rhode Island offshore project. Shares tumbled up to 19% in Copenhagen, though Stocktwits sentiment stayed bullish, with retail eyeing buys below IPO levels. Analysts warn US setbacks may complicate fundraising as Orsted seeks to reassure investors in London this week.