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Orsted
(OTC:DNNGY)
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Rating:48Neutral
Price Target:
$7.00
▼(-3.05% 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 execution
Progress across an 8.1 GW portfolio supports future generating capacity and recurring power revenues. On-time, on-budget delivery improves confidence in Ørsted’s ability to execute complex offshore projects at scale.
Negative Factors
Persistent negative free cash flow
Heavy investment requirements currently exceed internally generated cash after capital spending. If negative free cash flow persists, Ørsted may remain dependent on debt, asset sales or partnerships, limiting financial flexibility during the build-out.
Read all positive and negative factors
Positive Factors
Negative Factors
Offshore construction execution
Progress across an 8.1 GW portfolio supports future generating capacity and recurring power revenues. On-time, on-budget delivery improves confidence in Ørsted’s ability to execute complex offshore projects at scale.
Read all positive factors
Orsted (DNNGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.14B
Dividend Yield59.35%
Average Volume (3M)25.33K
Price to Earnings (P/E)―
Beta (1Y)-0.54
Revenue Growth23.13%
EPS Growth-169.85%
CountryUS
Employees7,896
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-1.73
Shares Outstanding440,394,840
10 Day Avg. Volume35,769
30 Day Avg. Volume25,327
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.89
Price to Sales (P/S)1.67
P/FCF Ratio-3.49
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.4
Revenue Forecast (FY)$13.01B
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, constructing, owning, and operating renewable energy assets—especially offshore wind—and monetizing the electricity and related contractual rights those assets generate.
Key revenue streams include:
1) ...
Orsted Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
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.
Read all updates
Q2-2026 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
41
Neutral
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.56B | 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 | 17.58B | 8.15B | 16.84B | -7.70B | 27.34B | 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
Negative
7.22
Price Trends
7.36
Negative
7.87
Negative
7.62
Negative
Market Momentum
-0.09
Negative
45.78
Neutral
16.11
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 7.22 is above the 20-day moving average (MA) of 7.17, below the 50-day MA of 7.36, and below the 200-day MA of 7.62, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 45.78 is Neutral, neither overbought nor oversold. The STOCH value of 16.11 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 | $2.50B | 20.86 | 9.00% | ― | 14.06% | 11.99% | |
53 Neutral | $6.53B | 41.87 | 1.96% | 5.83% | 7.99% | 22.73% | |
48 Neutral | $28.14B | -26.02 | -2.78% | 59.35% | 23.13% | -169.85% | |
48 Neutral | $2.34B | 18.12 | 1.97% | 19.20% | -2.84% | ― | |
48 Neutral | $5.89B | -1.22 | 243.54% | 4.88% | -2.38% | -301.98% |
* Utilities Sector Average
DNNGY
Orsted
7.10
0.56
8.59%
CWEN
Clearway Energy
31.82
4.86
18.04%
XIFR
XPLR Infrastructure
12.14
2.15
21.52%
BEPC
Brookfield Renewable
31.75
-0.33
-1.02%
RNW
ReNew Energy Global
6.87
-0.77
-10.08%
MWH
Solv Energy
25.27
-5.40
-17.61%
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.