Key Takeaways:
- Ørsted shares dropped by 4.7% in Copenhagen after a U.S. order paused the Empire Wind project.
- Analysts downgraded Ørsted citing policy risks that could impact projects by up to DKK15B.
- Despite current challenges, GuruFocus estimates indicate a potential 48.51% upside in one year.
Ørsted Faces Policy Challenges
Ørsted (DNNGY, Financial) recently experienced a 4.7% decline in its Copenhagen trading session. This drop followed a U.S. government directive that temporarily halted the Empire Wind project in New York, raising significant concerns among investors. In light of these developments, leading financial institutions like Bank of America and Barclays have downgraded Ørsted’s stock. They cite heightened policy risks, which could potentially affect Ørsted’s projects by as much as DKK15 billion, thereby increasing the company's financial uncertainties.
Wall Street Analysts' Forecast
According to one analyst's one-year price targets, Ørsted AS (DNNGY, Financial) is anticipated to have an average target price of $13.43, with both the high and low estimates also at $13.43. This suggests a potential downside of 3.71% from the current price of $13.95. For more detailed estimates, please visit the Orsted AS (DNNGY) Forecast page.
Brokerage Recommendations
Based on the consensus from one brokerage firm, Ørsted AS (DNNGY, Financial) holds an average brokerage recommendation of 4.0, indicating an "Underperform" status. This recommendation falls on a scale from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
GuruFocus Value Estimation
Despite the current market challenges, GuruFocus provides an optimistic outlook for Ørsted. The estimated GF Value for Ørsted AS (DNNGY, Financial) in one year is projected to be $20.71, which suggests a potential upside of 48.51% from the present price of $13.945. GF Value is calculated by analyzing historical stock multiples, past business growth, and future performance estimates. For a deeper dive into these metrics, visit the Orsted AS (DNNGY) Summary page.
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