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 | Orsted Pays a Decent Entrance Ticket to the Promising East Cost Offshore Wind Market

Orsted has agreed to buy Deepwater Wind, the leading U.S. offshore wind developer, for USD 510 million and an enterprise value of USD 700 million. We see a strong strategic rationale as the group gets a solid foothold in the promising East Coast offshore wind market where it has struggled so far. We have yet to factor in the farm-down of Hornsea 1, which would add DKK 15 to our fair value estimate. We reiterate our fair value estimate of DKK 430 per share, along with our narrow moat, stable trend ratings. The price Orsted paid looks expensive, as there are only 30 MW of operating capacity. Ho...

Tancrede Fulop

Orsted Pays a Decent Entrance Ticket to the Promising East Cost Offshore Wind Market

Orsted has agreed to buy Deepwater Wind, the leading U.S. offshore wind developer, for USD 510 million and an enterprise value of USD 700 million. We see a strong strategic rationale as the group gets a solid foothold in the promising East Coast offshore wind market where it has struggled so far. We have yet to factor in the farm-down of Hornsea 1, which would add DKK 15 to our fair value estimate. We reiterate our fair value estimate of DKK 430 per share, along with our narrow moat, stable tren...

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 joanna.fic@moodys.com Neil Griffiths- Lambeth +44.20.7772.5543 Associate Managing Director neil.griffiths-lambeth@moodys.com 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 | Orsted Pays a Decent Entrance Ticket to the Promising East Cost Offshore Wind Market

Orsted has agreed to buy Deepwater Wind, the leading U.S. offshore wind developer, for USD 510 million and an enterprise value of USD 700 million. We see a strong strategic rationale as the group gets a solid foothold in the promising East Coast offshore wind market where it has struggled so far. We have yet to factor in the farm-down of Hornsea 1, which would add DKK 15 to our fair value estimate. We reiterate our fair value estimate of DKK 430 per share, along with our narrow moat, stable trend ratings. The price Orsted paid looks expensive, as there are only 30 MW of operating capacity. Ho...

Tancrede Fulop

Orsted Pays a Decent Entrance Ticket to the Promising East Cost Offshore Wind Market

Orsted has agreed to buy Deepwater Wind, the leading U.S. offshore wind developer, for USD 510 million and an enterprise value of USD 700 million. We see a strong strategic rationale as the group gets a solid foothold in the promising East Coast offshore wind market where it has struggled so far. We have yet to factor in the farm-down of Hornsea 1, which would add DKK 15 to our fair value estimate. We reiterate our fair value estimate of DKK 430 per share, along with our narrow moat, stable tren...

Tancrede Fulop

Morningstar | Orsted Divests 50% of Giant Hornsea 1 Project at Price Well Above Expectations

Orsted has signed an agreement to sell 50% of its giant Hornsea 1 offshore wind farm at a price well above expectations. The price upside to our expectations will add DKK 15, or 3.5% to our fair value estimate. For the moment, we reiterate our fair value estimate of DKK 430 per share along with our narrow moat, stable trend ratings. Orsted will hold a capital markets day Nov. 28 to provide more clarity on its capital-allocation policy. The sale of the retail and distribution activities in Denmark could be another positive catalyst. The shares are slightly undervalued, in our view. Orsted has ...

Tancrede Fulop

Orsted Divests 50% of Giant Hornsea 1 Project at Price Well Above Expectations

Orsted has signed an agreement to sell 50% of its giant Hornsea 1 offshore wind farm at a price well above expectations. The price upside to our expectations will add DKK 15, or 3.5% to our fair value estimate. For the moment, we reiterate our fair value estimate of DKK 430 per share along with our narrow moat, stable trend ratings. Orsted will hold a capital markets day Nov. 28 to provide more clarity on its capital-allocation policy. The sale of the retail and distribution activities in Denmar...

Tancrede Fulop

Morningstar | Orsted Posts Q2 Results Above Expectations and Raises Full-Year Guidance; Shares Undervalued

We reiterate our fair value estimate of DKK 430 per Orsted share, along with our narrow moat, stable moat trend ratings, after the group released second-quarter results above consensus expectations and raised full-year guidance for the second time this year. Shares are undervalued. EBITDA came in at DKK 3.1 billion in the second quarter, down by 31% but 12% above consensus expectations. The decline is due to a DKK 1.4 billion farm-down gain last year. The key driver of the upside to consensus was good performance in wind power partnership agreements due to good execution in construction of wi...

A director sold 1,000 shares at 342.500DKK and

A director at Orsted As sold 1,000 shares at 342.500DKK and the significance rating of the trade was 54/100. 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 boar...

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)

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...

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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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