Orsted: drops by -26% towards 33.6E, + absolute low


(CercleFinance.com) – The Danish wind turbine giant suffered 2 months later the same fate as on August 30: the stock fell -26% to 33.6E while a large order in the US was canceled, leaving the group struggling. with its heavy debt.
The stock pulverizes the fragile support of 42E to set a new historic low below 34E, with a price divided almost by 4 compared to its peaks.
During the previous slump of -25%, Orsted had lost another 15% during the following 5 sessions.

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