Orsted (DNNGY) AI Stock Analysis

Orsted

(Other OTC:DNNGY)

Select Model

Rating:48Neutral

Price Target:$6.00▼(-8.63% Downside)

Action:reiterated

Date:08/18/26

The score is held down primarily by weak recent financial performance (losses, negative gross profit, and consistently negative free cash flow) and a bearish technical setup (below major moving averages with negative MACD). These are partly offset by a more positive earnings-call outlook—reaffirmed guidance, strong liquidity/credit metrics, and solid construction execution—but execution and U.S. regulatory risks remain key watch items.

Positive Factors

Offshore construction executionProgress across a large offshore construction portfolio supports Ørsted’s ability to convert committed investment into operating renewable capacity. On-time, on-budget delivery can improve future generation earnings, reinforce execution credibility, and support continued participation in large-scale projects.

Negative Factors

Persistent negative free cash flowPersistent negative free cash flow shows that Ørsted’s investment programme currently consumes more cash than operations generate after capital spending. If sustained, the gap requires continued reliance on debt, asset sales, or other funding and can constrain financial flexibility.

Orsted (DNNGY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $8.33B
Dividend Yield: ―
Average Volume (3M): 101.08K
Price to Earnings (P/E): -25.0
Beta (1Y): -0.55
Revenue Growth: 23.13%
EPS Growth: -169.85%
Country: US
Employees: 7,896
Sector: Utilities
Sector Strength: 66
Industry: Renewable Utilities

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 sus...

How the Company Makes Money

Ørsted makes money primarily by developing and operating renewable energy projects—especially offshore wind farms—and selling the electricity they generate. Key revenue streams typically include: (1) Power sales from owned/operated assets: revenue fr...

Orsted Earnings Call Summary

Earnings Call Date:Aug 12, 2026(Q2-2026)|% Change Since:-13.92%|Next Earnings Date:Nov 04, 2026

Earnings Call SentimentPositive

The call highlights substantial operational progress across Ørsted's major offshore construction projects, solid H1 earnings growth (DKK 15bn EBITDA ex-partnerships), strong liquidity (>DKK 115bn) and healthy credit metrics (FFO/adjusted net debt ~45%), together with a disciplined capital allocation framework and reinstatement of a modest dividend. Offsetting these positives are a DKK 1.2bn non-cash impairment (U.S.), lower adjusted quarterly profit (DKK 1.9bn vs DKK 2.1bn), softer onshore/bioenergy contributions, some project-specific commissioning dependencies (export cable repair, grid works) and U.S. policy/regulatory uncertainties. Overall, the operational momentum, guidance maintenance, and balance sheet strength outweigh the setbacks, but investors should monitor execution risks and U.S. regulatory developments.

Positive Updates

Strong H1 EBITDA and Q2 Operational Earnings

EBITDA (ex. new partnerships and cancellation fees) for H1 2026 was DKK 15 billion, an increase of more than DKK 1 billion versus H1 2025. Q2 2026 EBITDA (ex. new partnerships and cancellation fees) was DKK 5.4 billion. Earnings from offshore sites (excluding trading) were approximately 5% higher year-over-year in the quarter.

Negative Updates

Non-cash impairment on U.S. offshore project

Incurred a non-cash impairment loss of DKK 1.2 billion in Q2 2026 relating to a U.S. offshore project due to an increase in long-dated U.S. interest rates, reducing net profit and adjusted profitability metrics.

Company Guidance

Ørsted reaffirmed full‑year EBITDA guidance (excluding new partnerships and cancellation fees) of >DKK 28 billion (H1 EBITDA DKK 15 billion, up >DKK 1 billion y/y; Q2 EBITDA DKK 5.4 billion), Q2 net profit DKK 700 million (adjusted DKK 1.9 billion vs DKK 2.1 billion LY) after a DKK 1.2 billion non‑cash impairment; gross CapEx guidance for 2026 is maintained at DKK 50–55 billion (Q2 gross investments DKK 10.1 billion) and DKK 90 billion of capital is committed through 2026–27 to fund an 8.1 GW offshore construction portfolio (3 projects / 2.5 GW expected to commission in 2026). Net interest‑bearing debt was DKK 22 billion (up DKK 0.7 billion q/q), FFO to adjusted net debt ≈45% (target >30%), liquidity reserve >DKK 115 billion, adjusted ROCE 6.6% (reported 3.1%); operationally offshore is expected higher than 2025, onshore in line, bioenergy & other now guided lower, and management intends to reinstate a dividend for FY2026 with first payout in 2027 (anticipating a starting level in the lower part of the DKK 2–5 per share analyst range).

Orsted Financial Statement Overview

Summary

Financial statements show mixed strength: operating cash flow is solid, but profitability is weak (TTM net loss and negative gross profit) and free cash flow is persistently negative due to heavy investment needs. Leverage looks manageable (debt-to-equity ~1.0x), but negative ROE and earnings volatility reduce confidence in durable returns.

Income Statement

41Neutral

Balance Sheet

58Neutral

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	74.23B	63.61B	58.83B	69.08B	126.09B	69.14B
Gross Profit	-2.06B	-1.65B	22.87B	22.45B	28.93B	16.03B
EBITDA	17.51B	8.15B	16.82B	-7.70B	30.44B	23.84B
Net Income	-2.40B	1.66B	-206.00M	-20.51B	15.13B	10.96B
Balance Sheet
Total Assets	360.00B	367.89B	298.79B	281.14B	314.14B	270.38B
Cash, Cash Equivalents and Short-Term Investments	80.62B	91.76B	32.94B	39.18B	38.13B	14.83B
Total Debt	122.37B	107.86B	96.62B	88.05B	71.55B	58.53B
Total Liabilities	228.69B	239.92B	205.30B	203.34B	218.61B	185.25B
Stockholders Equity	122.98B	119.71B	83.09B	75.89B	91.54B	82.06B
Cash Flow
Free Cash Flow	-24.36B	-30.45B	-24.30B	-9.67B	-21.08B	-22.42B
Operating Cash Flow	24.31B	22.22B	18.36B	28.53B	11.92B	12.15B
Investing Cash Flow	-82.02B	-65.97B	-21.76B	-34.73B	-17.91B	-12.59B
Financing Cash Flow	63.90B	73.64B	15.84B	265.00M	13.79B	3.39B

Orsted Technical Analysis

Technical Analysis SentimentNegative

Last Price6.57

Price Trends

50DMA6.81Negative

100DMA7.16Negative

200DMA7.60Negative

Market Momentum

MACD-0.07Negative

RSI48.28Neutral

STOCH84.06Negative

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 6.57 is above the 20-day moving average (MA) of 6.50, below the 50-day MA of 6.81, and below the 200-day MA of 7.60, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 84.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DNNGY.

Orsted Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

DNNGY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MWH	66Neutral	$4.71B	54.12	19.16%	―	―	―
Sector *	66Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
BEPC	62Neutral	$5.41B	-1.12	243.54%	5.31%	-2.38%	-301.98%
RNW	61Neutral	$2.50B	20.90	9.00%	―	14.06%	11.99%
CWEN	54Neutral	$6.57B	42.14	1.96%	5.79%	7.99%	22.73%
DNNGY	48Neutral	$26.04B	-25.03	-2.78%	―	23.13%	-169.85%
XIFR	45Neutral	$1.83B	14.15	1.97%	―	-2.84%	―

* Utilities Sector Average

Performance Comparison

DNNGY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DNNGY	Orsted OTC	6.57	0.64	10.78%
CWEN	Clearway Energy	32.03	1.15	3.71%
XIFR	Xplr Infrastructure, Lp	9.48	-0.33	-3.36%
BEPC	Brookfield Renewable Corporation	29.15	-13.12	-31.04%
RNW	Renew Energy Global Plc	6.85	-0.69	-9.15%
MWH	Solv Energy	23.27	-7.40	-24.13%

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.

Date of analysis: Aug 18, 2026

Orsted AI Stock Analysis