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World’s largest offshore wind farm maker Orsted takes fresh $1.7 billion write-down in the U.S. as its Trump nightmare begins
Danish offshore wind giant Orsted faced a fresh stock market hammering on Tuesday after the group announced a new billion-dollar impairment charge on the same day its foe Donald Trump ascended to ...
Reuters9d
Orsted slashes 2030 investment program by 25%
Company says US portfolio has led to pressure on credit metrics Sees 2026 EBITDA of $4.05 bln-$4.61 bln, excluding partnerships Feb 5 (Reuters) - Denmark's Orsted (ORSTED.CO), opens new tab has ...
Wall Street Journal24d
Orsted Shares Plunge on $1.7 Billion Impairment
Orsted ORSTED0.48%increase; green up pointing triangle shares sank to the bottom of the Stoxx Europe 600 index Tuesday after the company announced a $1.7 billion fourth-quarter impairment amid ...
Reuters25d
Orsted flags $1.7 bln impairment on Sunrise Wind delays, increased costs
COPENHAGEN, Jan 20 (Reuters) - Offshore wind developer Orsted (ORSTED.CO), opens new tab on Monday posted an impairment charge of 12.1 billion Danish crowns ($1.69 billion) in the fourth quarter ...
Recharge13d
New CEO Errboe helped transform Orsted once but now faces biggest challenge
When Rasmus Errboe arrived at what was still called Dong Energy in July 2012, the group was still an oil & gas business and the name Orsted solely referred to Hans Christian, the Danish scientist.
Yahoo Finance8d
Wind power developer Orsted sees 2025 core profit equal to or above 2024
COPENHAGEN (Reuters) -Orsted, the world's biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to, or above 2024, a day after cutting investment ...
Recharge13d
Orsted’s Nipper: A Danish CEO who met his downfall in the US
Orsted’s departing CEO Mads Nipper was dealt bad cards but ultimately has himself to blame for poor decision making over the Danish developer’s US offshore wind expansion, say analysts, who point to a ...
Wall Street Journal8d
Orsted Expects Earnings to Rise This Year as It Works to Shore Up Balance Sheet
Orsted ORSTED-0.53%decrease; red down pointing triangle guided for slightly higher earnings this year, a day after it slashed spending plans for the coming few years to shore up its balance sheet ...
Business Insider23d
Orsted’s Hold Rating: Balancing Impairments and Long-term Commitment Amid Project Developments
In a report released on January 20, Ahmed Farman from Jefferies maintained a Hold rating on Orsted (DOGEF – Research Report), with a price target of DKK370.00. Ahmed Farman has given his Hold ...
Business Insider3d
Orsted price target lowered to DKK 370 from DKK 400 at Morgan Stanley
Morgan Stanley lowered the firm’s price target on Orsted (DNNGY) to DKK 370 from DKK 400 and keeps an Equal Weight rating on the shares. Published first on TheFly – the ultimate source for ...
Morningstar8d
Orsted Cuts 2030 Investment Program by 25%
Orsted cut its investment program to 2030 by 25% despite posting full-year results it said are in line with expectations. The Danish group energy group said Wednesday that 2024 Ebitda excluding ...