Orsted is a renewable energy company based in Denmark. Co. is engaged in developing a renewables portfolio based on competences in offshore wind, bioenergy, and energy solutions. Co. is active in deploying offshore wind and converting existing coal- and gas-fired power stations to sustainable biomass, providing a heat and power supply which is both green and flexible. Co. divides its operations into four businesses: Wind Power, Bioenergy & Thermal Power, and Distribution & Customer Solutions. The Bioenergy & Thermal Power and Distribution & Customer Solutions businesses jointly constitute Co.'s Danish utility business. Co. maintains activities primarily in Northwestern Europe.
  • TickerA0NBLH
  • ISINDK0060094928
  • ExchangeNasdaq Nordic Copenhagen
  • SectorGas, Water & Multi-utilities
  • CountryDenmark

Analysts

Tancrede Fulop

Morningstar | Offshore Wind Presents Risks and Opportunities For U.S. Utilities

After reviewing the latest developments in U.S. offshore wind development, we are reaffirming our fair value estimates, moat ratings, and moat trend ratings for all U.S. utilities. Utilities in our coverage with the most offshore wind exposure include Avangrid, Eversource Energy, Dominion, and Public Service Enterprise Group. European utility Orsted's U.S. projects in part support our 21% EPS CAGR estimate for the company through 2028. The U.S. east coast is the focus of activity with more than 10 gigawatts of projects due online by 2023 and six states with legislative mandates. The east coa...

Tancrede Fulop

Offshore Wind Presents Risks and Opportunities For U.S. Utilities

After reviewing the latest developments in U.S. offshore wind development, we are reaffirming our fair value estimates, moat ratings, and moat trend ratings for all U.S. utilities. Utilities in our coverage with the most offshore wind exposure include Avangrid, Eversource Energy, Dominion, and Public Service Enterprise Group. European utility Orsted's U.S. projects in part support our 21% EPS CAGR estimate for the company through 2028. The U.S. east coast is the focus of activity with more than ...

Moody's assigns Baa3 rating to hybrid notes to be issued by Orsted; stable outlook

Rating Action: Moody's assigns Baa3 rating to hybrid notes to be issued by Ørsted; stable outlook. Global Credit Research- 16 Nov 2017. London, 16 November 2017-- Moody's Investors Service has today assigned a Baa3 long-term rating to the proposed issuance of Callable Subordinated Capital Securities due 3017 by Ørsted A/S.

Orsted A/S: Divestments boost 2017 earnings outlook

INFRASTRUCTURE AND PROJECT FINANCE ISSUER COMMENT 7 November 2017 Contacts Joanna Fic +44.20.7772.5571 VP-Sr Credit Officer [email protected] Neil Griffiths- Lambeth +44.20.7772.5543 Associate Managing Director [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Ørsted A/S Divestments boost 2017 earnings

Tancrede Fulop

Morningstar | Offshore Wind Presents Risks and Opportunities For U.S. Utilities

After reviewing the latest developments in U.S. offshore wind development, we are reaffirming our fair value estimates, moat ratings, and moat trend ratings for all U.S. utilities. Utilities in our coverage with the most offshore wind exposure include Avangrid, Eversource Energy, Dominion, and Public Service Enterprise Group. European utility Orsted's U.S. projects in part support our 21% EPS CAGR estimate for the company through 2028. The U.S. east coast is the focus of activity with more than 10 gigawatts of projects due online by 2023 and six states with legislative mandates. The east coa...

Tancrede Fulop

Offshore Wind Presents Risks and Opportunities For U.S. Utilities

After reviewing the latest developments in U.S. offshore wind development, we are reaffirming our fair value estimates, moat ratings, and moat trend ratings for all U.S. utilities. Utilities in our coverage with the most offshore wind exposure include Avangrid, Eversource Energy, Dominion, and Public Service Enterprise Group. European utility Orsted's U.S. projects in part support our 21% EPS CAGR estimate for the company through 2028. The U.S. east coast is the focus of activity with more than ...

Tancrede Fulop

Morningstar | Orsted Is Fit to Beat Its Medium-Term Wind-Capacity Growth Targets

After taking a fresh look at Orsted, we have raised our fair value estimate from DKK 450 to DKK 550 per share. Main drivers behind the increase are higher realized cash flows than we anticipated in 2018, strengthening of the British pound against the euro since our last update, and 3.5 gigawatts of additional offshore wind capacity by 2025. We have raised our earnings per share estimates by 13% on average through 2028 chiefly because of the additional 3.5 GW of capacity, implying a 21% EPS CAGR through 2028, the highest among European utilities. Previously, our offshore capacity estimates in ...

Tancrede Fulop

Orsted Is Fit to Beat Its Medium-Term Wind-Capacity Growth Targets

After taking a fresh look at Orsted, we have raised our fair value estimate from DKK 450 to DKK 550 per share. Main drivers behind the increase are higher realized cash flows than we anticipated in 2018, strengthening of the British pound against the euro since our last update, and 3.5 gigawatts of additional offshore wind capacity by 2025. We have raised our earnings per share estimates by 13% on average through 2028 chiefly because of the additional 3.5 GW of capacity, implying a 21% EPS CAGR...

Tancrede Fulop

Morningstar | Orsted is Fit to Beat its Medium-Term Wind Capacity Growth Targets

Orsted pioneered the offshore wind business by building the first large-scale farm in Denmark in 2002, and it has strong know-how in this industry, which more and more countries intend to develop. This is evidenced by construction gains and share purchase agreements through which the group brings a partner into a project during the construction phase. The partner typically pays a premium to the net present value, driving value creation up front. With 90% of EBITDA coming from offshore wind farms and 10% from traditional utility businesses in Denmark, Orsted has a unique business mix among Euro...

1 director sold

A director at Orsted As sold 2,000 shares at 483.300DKK and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Orsted - March, 05th 2019

In general, Orsted is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 3, although not legally required in Denmark, the board of directors and the  executive management seek discharge. Under its guidelines, ECGS no longer approves  discharge of the board of directors and/or executive management if there is no legal requirement for it. Since there is no such (legal) requirement in Denmark, ECGS recommends to vote OPPOSE. Under ITEM 7.2, it is proposed to re-appoint Mr. Thomas Thune Andersen as Chairman of the board...

Expert Corporate Governance Service (ECGS)

Proxy Report - 08/03/2018

In 2017, the Company (formerly DONG Energy) changed its name to Orsted. The name is a tribute to the Danish scientist H.C. Orsted, who (among other things) discovered electromagnetism.In general, Orsted is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 3, although not legally required in Denmark, the board of directors and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executive management if there is no legal requirement for it. Sin...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

MSCI EM in early stages of bottoming Our overall global outlook remains cautious and continued downward pressure on global equities remains our expectation. This belief is supported in part by the absence of bottoming price action for broad global indexes (MSCI ACWI, ACWI ex-U.S., and EAFE), which are still making lower highs and lower lows. However, one bright spot is EM (more on this below), which continues to give us hope that global equities can bottom out. • Emerging Markets. We began highlighting the MSCI EM index as leadership on a relative basis back in November, so continued outper...

Dave Nicoski ...
  • Ross LaDuke

Global Equity Strategy

Global equities (MSCI ACWI) are testing 52-week lows as prices have been consolidating over the last 1-2 months. Investors' primary sources of angst continue to revolve around concerns of (1) the global shift toward tighter monetary policy and the potential for perceived policy missteps, (2) trade and tariffs, and (3) the potential negative effects both (1) and (2) may have on global growth. Comments from Fed Chair Powell that interest rates are “just below” the neutral rate and the 90-day tariff ceasefire agreement between the U.S. and China have not been able to calm the markets. In Europe, ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Global Utility Stocks

Broadly speaking, global equities (MSCI ACWI, ACWI ex-U.S., EAFE) remain unattractive from a price perspective as breakdowns and downtrends abound. The defensive Utilities Sector has been a primary beneficiary of global equity market weakness. Today we direct your attention to three stocks with the best setups in the Sector: Guangdong Investment Limited (270-HK), Orsted (ORSTED-DK), and Electricite de France SA (EDF-FR). All three have pulled back to logical support and should be bought at current levels. Add exposure.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities within Mobile Payments, Metals & Mining, and Utilities The MSCI ACWI and S&P 500 continue to recover following the most recent test of support at their respective 200-day moving averages. With market internals still mixed, support levels holding, and indexes continuing to consolidate sideways, our neutral but constructive outlook remains intact. • Major themes: Mobile Payments, Metals & Mining, and Utilities. We believe the secular mobile payments theme (ETF: IPAY) has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for actionable stocks. W...

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