Orsted AS

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Ørsted A/S engages in the provision of renewable energy solutions. It operates through the following segments: Offshore, Onshore, and Bioenergy and Other. The Offshore segment develops and operates offshore wind farms in the United Kingdom (UK), Germany, Denmark, Poland, the Netherlands, the U.S., Taiwan, Vietnam, and Korea. The Onshore segment includes wind, solar photovoltaic (PV), and storage projects across the Southern and Midwestern U.S. and in the UK and Ireland. The Bioenergy and Other segment deals with the generation of thermal power through combined heat and power (CHP) plants. The company was founded on March 27, 1972 and is headquartered in Fredericia, Denmark.

Orsted has pulled out of a consortium that was due to bid for offshore wind projects in Norway ahead of a pre-qualification deadline, one of its partners said on Monday.

Orsted pulls out of Norway offshore wind consortium

Canadian Solar

Ørsted A/S and Canadian Solar Inc. are two renewable energy companies with Grade A valuations after sharp declines in share prices. Canadian Solar is a leader in solar panel and battery storage manufacturing and design with all-time high EPS readings and a promising future given American public investment initiatives. Ørsted is the global leader of the offshore wind energy sector and has the potential for significant revenue growth in the United States despite project cancellations and prolonged completion timelines.

2 Of My Favorite Beaten Down Renewable Energy Picks

Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.

Ship shortage dealt death blow to Orsted's NJ offshore wind hopes

Rating agency Fitch on Friday downgraded the outlook on Danish renewable energy firm Orsted's rating to negative, a day after S&P warned of a possible debt downgrade due to the company's massive losses on projects in the United States.

Fitch follows S&P in cutting Orsted's outlook

Dominion Energy

Equinor

The Biden administration early this week approved the construction of the largest wind-power farm in the United States, more than 170 giant turbines to be built roughly 27 miles off the coast of Virginia Beach, Va.

Wind power is losing in New Jersey, but winning in Virginia. Here's where the rest of the U.S. stands.

Credit rating agency S&P said on Thursday it had placed Danish renewable energy firm Orsted on review for a possible debt downgrade due to the company's massive losses on projects in the United States.

S&P indicates it could cut Orsted's credit rating after losses

Ørsted A/S (OTCPK:DNNGY) Q3 2023 Earnings Conference Call November 1, 2023 9:30 AM ET Company Participants Mads Nipper - Group President and CEO Daniel Lerup - CFO Conference Call Participants Harry Wyburd - Exane Jenny Ping - Citi Alberto Gandolfi - Goldman Sachs Peter Bisztyga - Bank of America Deepa Venkateswaran - Bernstein Kristian Johansen - SEB Robert Pulleyn - Morgan Stanley Samuel Arie - UBS Lars Heindorff - Nordea James Brand - Deutsche Bank Vincent Ayral - JPMorgan Klaus Kehl - Nykredit Ahmed Farman - Jefferies Casper Blom - Danske Bank Dominic Nash - Barclays Ingo Becker - Kepler Cheuvreux Marc Ip Tat Kuen - Berenberg Helene Brondbo - DNB Fredrik Fremberg - BNP Paribas David Paz - Wolfe Research Martin Tessier - Stifel Louis Boujard - ODDO Chris Liang - Federated Hermes Limited Operator Welcome to this Ørsted Q3 2023 Earnings Call. This call is being recorded.

Ørsted A/S (DNNGY) Q3 2023 Earnings Call Transcript

The Danish wind developer Orsted announced a $4 billion impairment and canceled two offshore New Jersey wind projects.

Orsted cancels two New Jersey offshore wind projects, takes $4 billion writedown

Danish energy giant Ørsted AS has ceased development of two wind farms which had been due to be built off the New Jersey coast in the US. Ørsted's Ocean Wind 1 and Ocean Wind 2 projects were given the axe on Tuesday, as wider economic issues plague the sector.

Ørsted abandons two major US offshore wind projects

ATLANTIC CITY, N.J. — Danish energy developer Orsted said Tuesday night it is scrapping two large offshore wind-power projects off the coast of New Jersey, adding uncertainty to a nascent industry the Biden administration and many state governments are counting on to help transition away from the burning of planet-warming fossil fuels.

Orsted scraps 2 offshore wind-power projects in New Jersey, citing supply-chain issues and rising interest rates

Shares of offshore wind farm developer Orsted A/S fell more than 8% early Friday on reports that the New York Public Service Commission has denied requests by energy firms that also include Equinor and BP to charge customers billions of dollars more under future power sale contracts. Reuters reported that this could force some developers to scrap plans to sell power to customers in New York if the contracts don't cover project costs.

Orsted shares sink as New York regulators blow off cost adjustments

U.S. President Joe Biden's plan to deploy 30,000 megawatts (MW) of offshore wind by 2030 is still possible, although not easy, the CEO of Orsted , the world's largest offshore wind developer, said on Monday at the Climate Week NYC event in New York.

Orsted CEO says US offshore wind targets still possible but not easy

Denmark's Orsted , the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless the Biden administration guarantees more support, Bloomberg News reported on Tuesday, citing the company's CEO.

Orsted CEO says abandoning US wind projects a 'real option'- Bloomberg News

Orsted, and renewable energy producers in general, have suffered from a number of headwinds in the last few years. As a result, investors are a lot less enthusiastic. Orsted further complicated things by making some mistakes, including a flawed hedging strategy. Recent results were encouraging, with significant growth in the offshore segment.

Ørsted's Undervaluation: A Compelling Opportunity Despite Some Setbacks

Ørsted's stock has declined by 10.2% since February and 18% over the past year, along with the S&P Global Clean Energy Index on falling energy prices. Despite the decline, Ørsted's price-to-earnings ratio has increased, indicating its price still hasn't fallen proportionally to the profit decline. Its long-term potential is still intact as a wind energy producer at a time when renewables are gaining ground, but for now, it's due for further correction.

Ørsted: Beaten Down By Lower Energy Prices (Downgrade)

Shares in Denmark-listed Ørsted plummeted 22% to their lowest in more than four years after the world's biggest offshore windfarm developer warned Wednesday it might record a 16 billion Danish kroner ($2.3 billion) impairment on its U.S. operations.

Ørsted shares plunge more than 20% as windfarm maker warns of $2.3 billion U.S. impairment charge

Ørsted A/S (OTCPK:DNNGY) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET Company Participants Mads Nipper - Group President and CEO Daniel Lerup - CFO Conference Call Participants Kristian Johansen - SEB Harry Wyburd - BNP Paribas Exane Jenny Ping - Citigroup Inc. Alberto Gandolfi - Goldman Sachs Casper Blom - Danske Bank Vincent Ayral - JPMorgan Deepa Venkateswaran - Sanford C. Bernstein Marc Ip Tat Kuen - Joh.

Ørsted A/S (DNNGY) Q2 2023 Earnings Call Transcript

Brookfield Renewable Partners

First Solar

Livent Corp

Maxeon Solar Technologies

Plug Power

Shoals Technologies Group

Discerning investors are locking their radars onto the top renewable energy stocks in navigating the rapidly transforming energy landscape. These stocks aren't just bright spots on the horizon; they represent critical pillars underpinning the global shift towards clean, sustainable power.

7 Renewable Energy Stocks Every Investor Should Know About Now

American Superconductor

Darling Ingredients

SolarEdge Technologies

Governments, companies and consumers are striving to be environmentally friendly and to promote the use of green energy like never before. In this new green era, many renewable energy stocks are going to thrive.

7 Energy Stocks to Buy to Turn $20,000 Into $1 Million

Ørsted is a solid renewables company and a market leader in the wind energy sector, with a well-filled pipeline and conservative financing. The company is currently undervalued, making it a good time to buy shares or write options, but investors should be cautious of its volatility and meager dividend yield. The long-term growth potential of Ørsted is attractive, but investors should be patient and focus on capital gains and dividends over time.

Ørsted: Solid Renewables Company, Undervalued With Strong Pipeline

Iberdrola SA

Volkswagen AG

I've been writing about the best green energy stocks for many years. For this column, I'm taking a new approach.

Green Rush Is the New Gold Rush: 3 Stocks Positioned for a Windfall

Renewable energy group Orsted said late on Wednesday it will invest 475 billion Danish crowns ($68.3 billion) by 2030 to achieve its goal of having 50 gigawatt (GW) of installed power capacity at the end of the decade.

Orsted to invest $68 bln by 2030 in renewable energy

Eversource Energy

Eversource Energy on Thursday agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash.

Eversource Energy to sell stake in offshore wind site to JV partner Ørsted

NextEra Energy

Vestas Wind Systems A/S

Renewable energy is expected to generate almost all of the world's electricity growth between now and 2025, an analysis of data from the International Energy Agency indicates. Moreover, by that year, renewables are on track to become the world's largest source of electricity.

7 Top Renewable Energy Companies to Invest in for Long-Term Growth

Ørsted A/S (OTCPK:DNNGY) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Mads Nipper - Group President and CEO Daniel Lerup - CFO Conference Call Participants Kristian Johansen - SEB Alberto Gandolfi - Goldman Sachs Peter Bisztyga - Bank of America Casper Blom - Danske Bank Harry Wyburd - Exane Lars Heindorff - Nordea Samuel Arie - UBS Deepa Venkateswaran - Bernstein Robert Pulleyn - Morgan Stanley Mark Freshney - Credit Suisse Dominic Nash - Barclays David Paz - Wolf Research Louis Boujard - ODDO Klaus Kehl - Nykredit James Brand - Deutsche Bank Casper Blom - Danske Bank Operator Welcome to this Orsted interim report for the first quarter of 2023. For the first part of this call, all participants will be in listen-only-mode, and afterwards, there will be a question-and-answer session.

News for Orsted AS Stock (DNNGY)