- Orsted has decided to halt the development of Ocean Wind 1 and Ocean Wind 2 projects.
- The company reported an Ebitda of DKK9.17 billion, which is a 26% decrease from the previous year.
- Orsted’s net loss was DKK22.56 billion, compared to a profit of DKK9.36 billion in the previous year.
- The company maintains its forecast for Ebitda excluding items, which is expected to be between DKK20 billion and DKK23 billion.
- Orsted’s gross investments are still expected to be between DKK40 billion to DKK44 billion.
- The company has taken the final investment decision on the Revolution Wind project, which it owns in a 50/50 partnership with Eversource.
- Revolution Wind is considered to have an attractive forward-looking value creation.
- Orsted’s FY Ebitda guidance excludes a provision of approximately DKK 8-11 billion that is related to potential cancellation fees for Ocean Wind 1.
- The company has received 15 buy ratings, 18 hold ratings, and 1 sell rating.
A look at Orsted AS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Orsted A/S is a global leader in utility services, providing development, construction, and operation of offshore wind farms, as well as generating power and heat from power stations. Using the Smartkarma Smart Scores system, Orsted has scored highly across various categories, receiving a 4 for Value, Dividend, and Growth. It scored a 3 for Resilience and a 2 for Momentum. This indicates that Orsted has a strong long-term outlook, offering a reliable and profitable investment opportunity for those looking to diversify their portfolio.
Orsted A/S is committed to providing reliable and sustainable energy sources, and is constantly innovating to ensure they are at the forefront of renewable energy technology. With their strong scores across various categories, investors can be sure that their investment in Orsted A/S will be a sound one, with a secure and profitable return in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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