Barclays ups Orsted on signs of business stabilisation

Oersted A/S

01/04/2026 12:19

** Barclays upgrades Orsted ORSTED.CO to "equal weight" from "underweight", as the Danish offshore wind group's management stabilises balance sheet and pursues returns

** The broker notes that after several turbulent years, Orsted is moving back onto a "more stable footing" supported by a renewed policy focus on renewables

** Barclays sees structural de-risking as the developer's U.S. projects come to an end with lower overall impact and reduced bond yield exposure

** While tighter capital discipline implies flat EPS until 2030, the brokerage estimates auction wins could make 2026 an inflection point for earnings growth

** Barclays raises PT by 37% to DKK 160, based on a discounted cash flow valuation that estimates an investment's current value based on expected future cash flows

** Out of 30 analysts that cover the stock, 10 rate it "strong buy" or "buy" and 20 "hold", according to LSEG data

(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))