Orsted OTC (DNNGY)
OTHER OTC:DNNGY
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Orsted
(OTC:DNNGY)
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Rating:46Neutral
Price Target:
$8.00
▲(18.52% Upside)
Action:Reiterated
Date:06/05/26
The score is held down primarily by volatile profitability and persistently negative free cash flow, despite positive operating cash flow and a reasonable equity base. Technical signals are largely neutral with mild longer-term support, while valuation metrics are unfavorable/less reliable due to the extremely negative P/E and no provided dividend yield.
Positive Factors
Core renewable focus
Ørsted's clear strategic focus on developing, constructing, owning and operating offshore wind and related renewable infrastructure is a durable business model aligned with global decarbonization. Scale in project development and operations supports long-term contract wins, technical expertise, and repeatable project execution that underpin recurring cash flows and market leadership across cycles.
Negative Factors
Persistent negative free cash flow
Chronically negative free cash flow highlights that investment and capital spending consistently outstrip operating cash generation. In a capital-intensive renewable utility, this increases long-term reliance on external financing or asset disposals to fund growth, elevates execution and refinancing risk, and can constrain strategic flexibility if markets tighten or funding conditions worsen.
Read all positive and negative factors
Positive Factors
Negative Factors
Core renewable focus
Ørsted's clear strategic focus on developing, constructing, owning and operating offshore wind and related renewable infrastructure is a durable business model aligned with global decarbonization. Scale in project development and operations supports long-term contract wins, technical expertise, and repeatable project execution that underpin recurring cash flows and market leadership across cycles.
Read all positive factors
Orsted (DNNGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.81B
Dividend YieldN/A
Average Volume (3M)24.21K
Price to Earnings (P/E)―
Beta (1Y)-0.56
Revenue Growth22.56%
EPS Growth-214.76%
CountryUS
Employees8,251
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.57
Shares Outstanding3,963,989,500
10 Day Avg. Volume33,481
30 Day Avg. Volume24,214
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 Cap5.19
Enterprise Value/Revenue2.28
Enterprise Value/Gross Profit-21.17
Enterprise Value/Ebitda8.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.44
Revenue Forecast (FY)$12.98B
Orsted Business Overview & Revenue Model
Company Description
Ørsted A/S, along with its associated entities, is a prominent energy company that specializes in the comprehensive lifecycle of renewable power assets. This encompasses the conceptualization, building, ownership, and active management of various ...
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:Aug 13, 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
41
Neutral
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.84B | 61.16B | 58.83B | 69.08B | 126.09B | 69.14B |
| Gross Profit | -7.31B | -1.65B | 22.87B | 22.45B | 28.93B | 16.03B |
| EBITDA | 18.01B | 15.05B | 16.84B | -7.70B | 27.34B | 23.84B |
| Net Income | 175.00M | 1.66B | -206.00M | -20.51B | 15.13B | 10.96B |
Balance Sheet | ||||||
| Total Assets | 360.69B | 367.89B | 298.79B | 281.14B | 314.14B | 270.38B |
| Cash, Cash Equivalents and Short-Term Investments | 78.81B | 91.76B | 32.94B | 39.18B | 38.13B | 14.83B |
| Total Debt | 119.34B | 107.86B | 96.62B | 88.05B | 71.55B | 58.53B |
| Total Liabilities | 230.72B | 239.92B | 205.30B | 203.34B | 218.61B | 185.25B |
| Stockholders Equity | 121.46B | 119.71B | 83.09B | 75.89B | 91.54B | 82.06B |
Cash Flow | ||||||
| Free Cash Flow | -20.42B | -30.45B | -24.30B | -9.67B | -21.08B | -22.42B |
| Operating Cash Flow | 28.85B | 22.22B | 18.36B | 28.53B | 11.92B | 12.15B |
| Investing Cash Flow | -75.24B | -65.97B | -21.76B | -34.73B | -17.91B | -12.59B |
| Financing Cash Flow | 64.60B | 73.64B | 15.84B | 265.00M | 13.79B | 3.39B |
Orsted Technical Analysis
Negative
6.75
Price Trends
8.45
Negative
8.09
Negative
7.76
Negative
Market Momentum
-0.21
Positive
23.91
Positive
0.02
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DNNGY, the sentiment is Negative. The current price of 6.75 is below the 20-day moving average (MA) of 8.28, below the 50-day MA of 8.45, and below the 200-day MA of 7.76, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 23.91 is Positive, neither overbought nor oversold. The STOCH value of 0.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DNNGY.
Orsted Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $7.68B | 2,226.49 | 0.05% | 5.29% | 2.59% | -92.25% | |
57 Neutral | $2.30B | 20.89 | 8.54% | ― | 30.87% | 121.64% | |
51 Neutral | $4.29B | -4.97 | -40.01% | ― | -61.93% | -66.79% | |
48 Neutral | $6.83B | -1.28 | 494.50% | 3.84% | -6.14% | -1632.62% | |
46 Neutral | $29.81B | ― | -0.40% | ― | 22.56% | -214.76% |
* Utilities Sector Average
DNNGY
Orsted
7.44
-1.20
-13.88%
CWEN
Clearway Energy
37.42
7.31
24.27%
BEPC
Brookfield Renewable
37.42
7.20
23.81%
SMR
NuScale Power
11.74
-25.46
-68.44%
RNW
ReNew Energy Global
6.32
-0.23
-3.51%
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.