Ørsted and Vestas are "down for the count." That was the dramatic claim in a recent column in the business media Finans, where the idea was floated that the two struggling energy giants might rise again together.
Vestas' stock price has been in a prolonged freefall and is now at nearly the same level as when the company was on the brink of bankruptcy a decade ago. Meanwhile, Ørsted has lost billions in the U.S. market, painting a grim picture of their current situation.