Ørsted A/S Price & Performance (DOGEF)

Citi analysts have lowered Ørsted’s stock rating to 'Sell' and slashed the price target to DKK 211, citing concerns over its balance sheet, U.S. project funding, and the recent cancellation of the Hornsea 4 wind project. The downgrade reflects growing uncertainty in Ørsted’s U.S. operations and premium valuation risks.1

Ørsted exceeded Q1 earnings expectations with an 84% earnings-per-share beat, but shares fell 5.6% following the report. Analysts now expect 2025 revenue to rise modestly, while earnings per share forecasts have been sharply upgraded. The wide range in price targets highlights ongoing uncertainty about the company’s future prospects.2

Ørsted posted a robust Q1 with EBITDA up 19% year-on-year, driven by new offshore wind capacity and improved asset performance. Despite discontinuing the Hornsea 4 project, the company maintained its 2025 EBITDA and investment targets, signaling confidence in its strategic direction amid industry headwinds and supply chain challenges.345