Orsted A/S

ORSTED

DK0060094928

Electric Utilities

Market Closed - Nasdaq Copenhagen Other stock markets 10:59:44 2024-04-19 am EDT			5-day change	1st Jan Change
385.1 ^DKK	-1.10%		-4.91%	+2.89%

Apr. 19	Utility Stocks Climb; Eversource Energy Finalizes Deal -- Utilities Roundup	DJ
Apr. 19	Eversource Energy Says It Executed Definitive Agreement to Sell Stake in Sunrise Wind Project	MT

Oersted in Talks Over Potential Acquisition of Wind Power Platform Ostwind

June 16, 2022 at 02:28 am EDT

By Dominic Chopping

Danish renewable-energy company Oersted AS on Thursday confirmed that it is in late-stage talks over the potential acquisition of Ostwind AG, an onshore wind power platform with offices in Germany and France.

Ostwind was founded in 1992 and develops, project-manages and constructs wind farms.

"There can be given no assurances as to whether a transaction will be concluded and the timing hereof," Oersted said in a statement.

The announcement doesn't change the company's financial outlook for 2022 or the expected investment level announced for 2022, it added.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

06-16-22 0428ET

Latest news about Orsted A/S

Utility Stocks Climb; Eversource Energy Finalizes Deal -- Utilities Roundup	Apr. 19	DJ
Eversource Energy Says It Executed Definitive Agreement to Sell Stake in Sunrise Wind Project	Apr. 19	MT
Dpa-AFX Overview: COMPANIES from 12.04.2024 - 15:15	Apr. 12	DP
Cadeler Signs Wind Farm Installation Vessel Deal with Ørsted	Apr. 08	MT
News Highlights : Top Energy News of the Day - Monday at 4 AM ET	Apr. 08	DJ
News Highlights : Top Energy News of the Day - Monday at 12 AM ET	Apr. 08	DJ
News Highlights : Top Energy News of the Day - Friday at 4 PM ET	Apr. 05	DJ
Subsea 7 Unit Wins Contract to Install Substations at Offshore Wind Farm in Poland	Mar. 29	MT
Global markets live: Apple, UBS, Microstrategy, Merck, Amazon...	Mar. 27
Big turnout expected in New England offshore wind power auction	Mar. 27	RE
Big turnout expected in New England offshore wind power auction	Mar. 27	RE
Ørsted Secures US Regulatory Nod for 924-MW Offshore Wind Project	Mar. 27	MT
US approves Orsted's Sunrise Wind offshore wind farm to power New York homes	Mar. 26	RE
U.S. Department of Energy Selects Ørsted to Receive Industrial Decarbonization Funding	Mar. 25	CI
Ørsted A/S to Construct A Power-to-X Facility, Estimated to Create 300 Construction Jobs and 50 Permanent Jobs for Operations and Maintenance	Mar. 25	CI
Ørsted Names Deputy CEO/Chief Commercial Officer	Mar. 21	MT
Orsted Names Rasmus Errboe Deputy CEO and Chief Commercial Officer	Mar. 21	DJ
Orsted appoints Rasmus Errboe as deputy CEO	Mar. 21	RE
Ørsted A/S Appoints Rasmus Errboe as Deputy CEO and Chief Commercial Officer	Mar. 21	CI
Shell Sells Stake in Wind Energy Joint Venture	Mar. 20	DJ
RWE CEO: no plans for big, transformative deals	Mar. 14	RE
Global markets live: Adidas, EON, Sandoz, Bayer, Boeing...	Mar. 13
Ørsted, Dillinger Sign MoU for Supply of Lower-emission Steel	Mar. 13	MT
Ørsted to Sell Four US Onshore Wind Farms to Stonepeak for $300 Million	Mar. 13	MT
Orsted Offloads $300 Million Share of Four U.S. Onshore Wind Farms to Stonepeak	Mar. 13	DJ

Chart Orsted A/S

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Company Profile

Orsted A/S is one of the leading Danish energy groups. Net sales break down by activity as follows: - development, construction and operation of offshore wind farms (72%): 17.8 TWh of wind energy produced in 2023. At the end of 2023, the group had an installed capacity of 8.9 GW; - production and distribution of electricity, gas and bioenergy (24.6%): electricity (2.6 TWh sold in 2023), gas (16.9 TWh sold) and thermal energy (6.6 TWh produced). In addition, the group is developing an oil transport activity; - development, construction and operation of onshore wind and solar PV farms (3.3%): operation of onshore wind and solar farms with an installed capacity of 4.2 GW; - other (0.1%). Net sales are distributed geographically as follows: Denmark (79.3%), the United Kingdom (12.8%), the United States (2.6%), Germany (2.2%), Taiwan (1.3%), Ireland (0.8%), Sweden (0.5%) and other (0.5%).

Sector

Electric Utilities

Calendar

2024-05-02 - Q1 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

More about the company

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Analysis / Opinion

ORSTED : EPS upgrade (2023: +82.6%, 2024: -2.0%)

February 07, 2024 at 03:30 pm EST

INTERVIEW - Mads Nipper, CEO of Ørsted: tripling capacity by 2030 still achievable

August 10, 2023 at 06:48 am EDT

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Ratings for Orsted A/S

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

385.1 DKK

Average target price

450.4 DKK

Spread / Average Target

+16.95%

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Company calendar

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Other Electric Utilities

Orsted A/S

Equities

ORSTED

DK0060094928

Electric Utilities

Oersted in Talks Over Potential Acquisition of Wind Power Platform Ostwind

EPS Revisions