Orsted shares fell ~6%, breaking key technical levels. The firm holds its 2025 EBITDA guidance. Investors await AGM vote on buyback and new board members.
Danish energy company Orsted experienced significant selling pressure this week, with its stock declining over two consecutive trading sessions. The downturn pushed the share price below key technical levels monitored by chart analysts, despite the firm reporting operational progress in its North American offshore wind business.
Share Price Decline Breaches Key Averages
The equity closed at 141.20 DKK on Thursday, March 19, following a drop of 1.94 percent. This extended losses from the previous day, when shares fell 4.03 percent to 144.00 DKK. The combined decline of approximately six percent caused the stock to breach two important moving averages. It moved below the 15-day average, situated at 147.60 DKK, and also dipped under the 50-day average of 141.80 DKK. These levels had recently been viewed by market technicians as short-term support zones.
Notably, this sell-off occurred against a backdrop of solid financial performance. The company confirmed its full-year 2025 EBITDA guidance, reporting a figure of 25.1 billion DKK. Trading activity on March 17 was notably high, with volume exceeding the daily average by about 30 percent, indicating heightened investor attention.
Upcoming AGM to Focus on Capital Allocation and Board Changes
Investor focus now shifts to the annual general meeting scheduled for April 9, 2026, in Gentofte. The agenda includes the approval of the 2025 annual report and the allocation of profit. Shareholders will also vote on a new share buyback authorization and a motion to discharge the board of directors from liability.
Should investors sell immediately? Or is it worth buying Orsted?
Significant changes to the supervisory board are on the horizon. Judith Hartmann and Annica Bresky will be stepping down. The board has nominated three candidates for election: Karen Boesen, the current Chief Financial Officer of DFDS; Karl Johnny Hersvik, Chief Executive Officer of Aker BP; and Samuel Leupold, the former CEO of Orsted’s wind power business.
The potential impact of the proposed share repurchase program on the stock price will become clearer following the April 9 vote, when investors decide on the capital strategy for 2026.
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