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An announcement from Equinor ASA ( (GB:0M2Z) ) is now available.
Equinor ASA has decided to support Ørsted’s proposed rights issue to strengthen Ørsted’s balance sheet amidst industry challenges. By maintaining a 10% ownership stake and proposing a board candidate, Equinor aims to foster closer industrial cooperation with Ørsted, enhancing value for shareholders. The company plans to subscribe for shares up to DKK 6 billion, aligning with its financial framework, while continuing to focus on its offshore wind projects in Europe and the USA.
The most recent analyst rating on (GB:0M2Z) stock is a Sell with a NOK220.00 price target. To see the full list of analyst forecasts on Equinor ASA stock, see the GB:0M2Z Stock Forecast page.
More about Equinor ASA
Equinor ASA is a major player in the energy industry, focusing on oil, gas, and renewable energy sources, particularly offshore wind. The company is committed to developing sustainable energy solutions and has a significant presence in the offshore wind sector with projects in Europe and the USA.
YTD Price Performance: -0.80%
Average Trading Volume: 2,714,722
Current Market Cap: NOK628.2B
For a thorough assessment of 0M2Z stock, go to TipRanks’ Stock Analysis page.