Equinor ASA Stock Price Affected by Ørsted Capital Increase
Equinor ASA’s stock price has fluctuated in recent days due to the planned capital increase of up to 60 billion Danish kronor by its subsidiary, Ørsted. Ørsted’s shares have fallen to a record low following the announcement.
Ørsted Capital Increase Details
- Planned capital increase: up to 60 billion Danish kronor
- Ørsted’s shares have fallen to a record low
As a major shareholder in Ørsted, Equinor is evaluating the situation and will engage in dialogue with the company to assess the impact of the capital increase.
JP Morgan Downgrades Equinor’s Rating
JP Morgan has downgraded Equinor’s rating to neutral, citing concerns about the company’s valuation.
Energy Sector Impact
The energy sector as a whole has been affected by the recent decline in wind energy stocks, with Ørsted’s shares leading the decline. Contributing factors include:
- Ørsted’s capital increase announcement
- UK government’s decision to restrict North Sea oil production
- Decline in wind energy stocks