The otherwise pressured energy company Ørsted delivered more news on Tuesday, which resulted in a total increase in the share price of 6.4 percent to DKK 311.
The company withdrew from a Norwegian project, and there was competitor news from Germany's RWE. In addition, Redburn raised its recommendation to "buy" from "neutral". But most importantly, there was a major change in management. CFO Daniel Lerup and COO Richard Hunter are resigning with immediate effect.
Ørsted's decision to dismiss the company's CFO and COO should be welcomed by the market, said Jenny Ping, an analyst at Citi. The management changes come after a period in which Ørsted has written down large amounts of billions in the US, in particular, which has dampened investor confidence in the company. However, there was good news from the US on Tuesday.
- We got good numbers from the US, and that lifted the mood in the market. However, there are more figures in store that could cause turmoil, says senior equity advisor at Jyske Bank Martin Munk to MarketWire.
Vestas also had a good day on the stock exchange, where the company rose 3.5 percent to DKK 173.90 after news from German competitor Nordex, which submitted accounts for the first nine months of the year. This pointed to increased sales and more orders as well as a reduced deficit. In addition, the company is also interest rate sensitive.
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