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Equinor Completes 10 Stake Acquisition in Orsted for 2.3B

January 02, 2025
Equinor ASA, the multinational energy company, has successfully completed the acquisition of a 10% stake in Orsted, a renewable energy company, for a total of $2.3 billion. This strategic move highlights Equinor's commitment to expanding its portfolio in the renewable energy sector. With this acquisition, Equinor aims to strengthen its position in offshore wind energy and capitalize on the growing demand for clean and sustainable energy sources. The partnership with Orsted is expected to drive innovative solutions and accelerate the transition towards a low-carbon future. Industry analysts have responded positively to this development, with the stock receiving an average price target of $26.90 from analysts, further indicating the company's growth potential. Investors are advised to consider seeking professional guidance from Stocks Prognosis for accurate forecasts on the movement of Equinor's shares.
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