Added to YB: 2024-03-26
Pitch date: 2024-03-22
ORSTED.CO [bullish]
Ørsted A/S
-34.55%
current return
Author Info
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Company Info
Ørsted A/S, together with its subsidiaries, owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.
Market Cap
DKK 155.3B
Pitch Price
DKK 210.48
Price Target
550.65 (+298%)
Dividend
N/A
EV/EBITDA
11.10
P/E
-54.77
EV/Sales
3.45
Sector
Independent Power and Renewable Electricity Producers
Category
turnaround
ØRSTED – WILL DENMARK’S FALLEN ANGEL RISE AGAIN?
$ORSTED.CO: Danish offshore wind leader down 74% from 2021 peak. Hit by supply disruptions, rising rates & US project write-downs. But 80% of EBITDA to 2030 contracted, global offshore wind set to grow 6x by 2030. Streamlined operations & better govt terms signal potential turnaround.
Read full article (6 min)