Orsted OTC (DNNGY)
OTHER OTC:DNNGY
Top Page
Orsted
(OTC:DNNGY)
Select Model
Select Model
Rating:50Neutral
Price Target:
$7.00
▲(3.70% Upside)
Action:ReiteratedDate:02/09/26
The score is held down mainly by weak and unstable fundamentals (multi-year revenue declines, rising leverage, and persistently negative free cash flow) and a high P/E. These are partially offset by moderately positive technical momentum and an earnings call that pointed to improving financial stabilization and EBITDA growth, albeit with notable regulatory/legal and execution risks.
Positive Factors
Large-scale commissioning pipeline
A substantial multi‑GW commissioning pipeline and a committed investment program provide durable capacity growth and long‑lived asset cash flows. This underpins future generation volumes and contracted revenue potential, supporting scalable earnings as new assets reach commercial operation.
Negative Factors
Persistently negative free cash flow
Chronic negative free cash flow reflects heavy investment that operating cash has not funded, raising structural financing risk. Continued reliance on external capital or asset sales to fund growth can pressure returns and increase execution dependence on divestment timing and market access.
Read all positive and negative factors
Positive Factors
Negative Factors
Large-scale commissioning pipeline
A substantial multi‑GW commissioning pipeline and a committed investment program provide durable capacity growth and long‑lived asset cash flows. This underpins future generation volumes and contracted revenue potential, supporting scalable earnings as new assets reach commercial operation.
Read all positive factors
Orsted (DNNGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.54B
Dividend YieldN/A
Average Volume (3M)28.42K
Price to Earnings (P/E)64.0
Beta (1Y)-0.57
Revenue Growth19.16%
EPS Growth-147.89%
CountryUS
Employees8,251
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-0.07
Shares Outstanding3,963,989,500
10 Day Avg. Volume61,553
30 Day Avg. Volume28,416
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.89
Price to Sales (P/S)1.74
P/FCF Ratio-3.49
Enterprise Value/Market Cap4.44
Enterprise Value/Revenue2.43
Enterprise Value/Gross Profit-90.23
Enterprise Value/Ebitda6.99
Forecast
1Y Price Target
$9.47Price Target Upside40.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.46
Revenue Forecast (FY)$12.16B
Orsted Business Overview & Revenue Model
Company Description
Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. It operates through Offshore, Onshore, and Markets & Bioenergy segm...
How the Company Makes Money
Ørsted makes money primarily by developing, owning, and operating renewable energy generation assets—especially offshore wind farms—and selling the electricity they produce. A major revenue stream comes from long-term contracted sales of power (e....
Orsted Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call conveyed materially positive progress on financial stabilization and execution: rights issue completed, divestment proceeds materially exceeded targets (~DKK 46bn vs >DKK 35bn), solid full-year EBITDA (DKK 25.1bn), improved availability (93%, +5pp), strong project milestones and robust liquidity metrics (net debt down ~DKK 64bn quarter; FFO/adjusted debt ~43%). However, material near-term challenges remain, notably US lease suspensions that caused construction pauses and impairments (totaling DKK ~6.9bn disclosed across items), a Q4 net loss, restructuring costs (~DKK 750m), legal uncertainty (Elsam case DKK 4.4bn exposure) and market headwinds (lower wind speeds in 2025, expected lower market prices and subsidy step-downs). On balance the positives around balance sheet repair, delivery progress and outlook (EBITDA >DKK 28bn guidance, commissioning >2.5 GW in 2026) outweigh the negatives, though execution and legal risks require monitoring.Positive Updates
Strengthened Capital Structure and Exceeded Divestment Target
Completed a rights issue and delivered on the partnership/divestment program, signing transactions amounting to ~DKK 46 billion (target was >DKK 35 billion), supporting a stronger balance sheet and the target of an investment-grade rating.
Negative Updates
US Lease Suspension Orders and Operational Pauses
Revolution Wind and Sunrise Wind received BOEM suspension orders causing offshore construction pauses (Revolution ~3 weeks, Sunrise ~6 weeks). Litigation ensued; preliminary injunctions were later granted (Revolution Jan 12, 2026; Sunrise Feb 2, 2026) and work resumed, but pauses increased costs and schedule risk.
Read all updates
Q4-2025 Updates
Positive
Negative
Strengthened Capital Structure and Exceeded Divestment Target
Completed a rights issue and delivered on the partnership/divestment program, signing transactions amounting to ~DKK 46 billion (target was >DKK 35 billion), supporting a stronger balance sheet and the target of an investment-grade rating.
Read all positive updates
Company Guidance
Ørsted guided 2026 EBITDA of more than DKK 28 billion, expects to commission over 2.5 GW of offshore wind across three continents, and plans gross investments of DKK 50–55 billion with committed capital of ~DKK 145 billion for 2025–27; it expects offshore, onshore and bioenergy earnings broadly in line with 2025 (2025 EBITDA excl. new partnerships/cancellation fees DKK 25.1 billion, offshore availability 93%, net profit DKK 3.2 billion) and reiterated a ROCE recovery target of ~11% for 2026–27 (rising to >13% in 2028–30) after 2025 adjusted ROCE of 8.4% (reported 5.4%). The company said it has secured ~DKK 46 billion of divestment proceeds (above its >DKK 35 billion target), finished Q4 with net debt of DKK 19 billion (down ~DKK 64 billion in the quarter) and FFO/adjusted net debt of ~43% (vs. a 30% target), and flagged DKK ~750 million of severance/provision charges in 2025 plus impairments/non‑cash impacts of DKK 4.8 billion (Hornsea 3), ~DKK 600 million (U.S. lease suspensions) and DKK 1.6 billion (European onshore goodwill).Orsted Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 61.16B | 58.83B | 69.08B | 126.09B | 69.14B |
| Gross Profit | -1.65B | 22.87B | 22.45B | 28.93B | 16.03B |
| EBITDA | 15.05B | 16.84B | -7.70B | 27.34B | 23.84B |
| Net Income | 1.66B | -206.00M | -20.51B | 15.13B | 10.96B |
Balance Sheet | |||||
| Total Assets | 367.89B | 298.79B | 281.14B | 314.14B | 270.38B |
| Cash, Cash Equivalents and Short-Term Investments | 91.76B | 32.94B | 39.18B | 38.13B | 14.83B |
| Total Debt | 136.92B | 96.62B | 88.05B | 71.55B | 58.53B |
| Total Liabilities | 239.92B | 205.30B | 203.34B | 218.61B | 185.25B |
| Stockholders Equity | 119.71B | 83.09B | 75.89B | 91.54B | 82.06B |
Cash Flow | |||||
| Free Cash Flow | -30.45B | -24.30B | -9.67B | -21.08B | -22.42B |
| Operating Cash Flow | 22.22B | 18.36B | 28.53B | 11.92B | 12.15B |
| Investing Cash Flow | -65.97B | -21.76B | -34.73B | -17.91B | -12.59B |
| Financing Cash Flow | 73.64B | 15.84B | 265.00M | 13.79B | 3.39B |
Orsted Technical Analysis
Positive
6.75
Price Trends
7.77
Positive
7.32
Positive
7.78
Positive
Market Momentum
0.24
Negative
70.38
Negative
99.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DNNGY, the sentiment is Positive. The current price of 6.75 is below the 20-day moving average (MA) of 7.77, below the 50-day MA of 7.77, and below the 200-day MA of 7.78, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 70.38 is Negative, neither overbought nor oversold. The STOCH value of 99.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DNNGY.
Orsted Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $8.36B | 23.42 | 5.91% | 5.60% | 2.54% | 124.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $8.36B | 23.42 | 5.91% | 5.29% | 2.54% | 124.89% | |
55 Neutral | $7.67B | -2.94 | -1196.72% | 3.84% | 5.93% | -39.88% | |
55 Neutral | $1.78B | -231.49 | 10.05% | ― | 42.09% | 219.69% | |
50 Neutral | $33.54B | 64.03 | 2.10% | ― | 19.16% | -147.89% | |
47 Neutral | $3.11B | -6.52 | -41.93% | ― | 765.67% | -202.81% |
* Utilities Sector Average
DNNGY
Orsted
8.61
0.03
0.33%
CWEN
Clearway Energy
41.07
14.51
54.64%
CWEN.A
Clearway Energy
40.95
16.25
65.80%
BEPC
Brookfield Renewable
42.56
17.26
68.21%
SMR
NuScale Power
9.21
-5.94
-39.21%
RNW
ReNew Energy Global
4.90
-1.04
-17.51%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.