D2G.F - Ørsted A/S

Frankfurt - Frankfurt Delayed price. Currency in EUR
88.80
-2.38 (-2.61%)
At close: 7:50PM CET
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Previous close91.18
Open91.22
Bid0.00 x 6200
Ask0.00 x 6200
Day's range87.60 - 91.22
52-week range64.94 - 104.00
Volume372
Avg. volume674
Market cap37.528B
Beta (5Y monthly)0.57
PE ratio (TTM)23.76
EPS (TTM)3.74
Earnings dateN/A
Forward dividend & yield1.41 (1.54%)
Ex-dividend date03 Mar 2020
1y target estN/A
  • Unfazed by Virus, Orsted Weighs Almost $13 Billion in Taiwan
    Bloomberg

    Unfazed by Virus, Orsted Weighs Almost $13 Billion in Taiwan

    (Bloomberg) -- The world’s biggest developer of offshore wind farms is weighing nearly $13 billion worth of projects in Taiwan, saying that so far the coronavirus outbreak hasn’t shifted its optimism about the region.The potential investments by Orsted A/S would include the Greater Changhua 3 wind farm, which it plans to bid for in the next round of auctions if the conditions are “manageable,” Matthias Bausenwein, the president for Asia Pacific of the Danish utility, said in a phone interview.The auction is due to take place at the end of this year, and the company will wait to see the framework and rules for the contest before deciding whether to participate.Orsted has already built and commissioned Formosa 1, the first commercial-scale offshore wind farm in Taiwan, with joint venture partners. It’s also building the Greater Changhua 1 & 2a wind farms, which are estimated to be completed in 2021 or 2022. Another plan is to build the Greater Changhua 2b & 4 wind farms in 2025.Total capital expenditure for the all four projects with a capacity of 2.4 gigawatts are estimated to be up to NT$380 billion ($12.5 billion).“At the moment we don’t see the coronavirus changing any of our plan,” said Bausenwein. “Business is as usual. We aim to be a long-term player in Taiwan.”Orsted said on Wednesday it’s sticking to its 2020 guidance despite the coronavirus and that its liquidity position is strong.Funding for the investment will be from Orsted’s own capital and financing from Taiwan’s local financial institutions as well as bond market, backed by a Orsted A/S parent company guarantee. The company had issued its first batch of NT$12 billion green bonds in Taiwan, and it may go ahead with another.In addition to Taiwan, Japan is the next big step for Orsted in the Asia-Pacific region. The company recently formed a joint venture with Tokyo Electric Power Co. to prepare a bid for an auction at end-2020. Japan and Taiwan both are mountainous and rely heavily on fossil fuels imports, with highly populated coastal areas which makes offshore wind an ideal renewable energy source.Taiwan aims to be a leading developer of green energy. It targets 5.7 gigawatts of offshore wind power by 2025 and another 10 gigawatts by 2035. BloombergNEF expects Japan’s offshore wind capacity to exceed 9 gigawatts by 2030.“Taiwan is a lively market with diversity of players, both local and global ones,” said Bausenwein. “We are well-positioned for any future auction with our commitment and what we have delivered.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Here's What We Think About Ørsted A/S's (CPH:ORSTED) CEO Pay
    Simply Wall St.

    Here's What We Think About Ørsted A/S's (CPH:ORSTED) CEO Pay

    Henrik Poulsen became the CEO of Ørsted A/S (CPH:ORSTED) in 2012. This report will, first, examine the CEO...

  • If You Had Bought Ørsted (CPH:ORSTED) Shares Three Years Ago You'd Have Made 177%
    Simply Wall St.

    If You Had Bought Ørsted (CPH:ORSTED) Shares Three Years Ago You'd Have Made 177%

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you buy shares in a...

  • Here's How P/E Ratios Can Help Us Understand Ørsted A/S (CPH:ORSTED)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand Ørsted A/S (CPH:ORSTED)

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...

  • Should You Be Excited About Ørsted A/S's (CPH:ORSTED) 26% Return On Equity?
    Simply Wall St.

    Should You Be Excited About Ørsted A/S's (CPH:ORSTED) 26% Return On Equity?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • How Does Ørsted A/S (CPH:ORSTED) Fare As A Dividend Stock?
    Simply Wall St.

    How Does Ørsted A/S (CPH:ORSTED) Fare As A Dividend Stock?

    Is Ørsted A/S (CPH:ORSTED) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...

  • These Fundamentals Make Ørsted A/S (CPH:ORSTED) Truly Worth Looking At
    Simply Wall St.

    These Fundamentals Make Ørsted A/S (CPH:ORSTED) Truly Worth Looking At

    Attractive stocks have exceptional fundamentals. In the case of Ørsted A/S (CPH:ORSTED), there's is a company with...

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