Ørsted Shares Plummet After U.S. Offshore Wind Project Halted ...Middle East

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Ørsted Shares Plummet After U.S. Offshore Wind Project Halted
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Shares in Ørsted tumbled to their lowest level on record on Monday as investor concerns about the world’s biggest offshore wind project developer grew following a stop-work order on a nearly completed project from the U.S. Administration.   Ørsted (CPH: ORSTED) shares in Copenhagen plummeted by 18% early on Monday after trade opened, to a record low of $27.28 (174 Danish crowns).  Ørsted’s stock has lost 46% year to date, with the biggest losses seen early this month when the company announced plans…

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