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ubs lowers orsted target price and reaffirms takeover offer

UBS has reduced its target price for Ørsted to 460 DKK from 520 DKK while reaffirming its takeover offer. Ørsted A/S, a leading Danish energy group, generates 72% of its sales from offshore wind farms, with 17.8 TWh produced in 2023, and has an installed capacity of 8.9 GW. The company also engages in electricity, gas, and bioenergy production, alongside developing onshore wind and solar farms.

ubs lowers target price for orsted while maintaining buy rating

UBS has reduced its target price for Ørsted to DKK 460 from DKK 520 while maintaining a Buy rating. Ørsted, a leading Danish energy group, generates 72% of its net sales from offshore wind farms, producing 17.8 TWh of wind energy in 2023, with an installed capacity of 8.9 GW. The company also engages in electricity, gas, and bioenergy production, alongside developing onshore wind and solar PV farms.

european utilities face earnings decline amid changing power prices and investments

The LNG market is set to increase supply, particularly from the US, with a projected 15% rise in production. European utilities are expected to see a 3% EBITDA decrease in 2024, with a further 2% decline in 2025, while pure grid operators will benefit from a 6% EBITDA growth due to supportive regulatory frameworks and expanding asset bases.

analysts update recommendations and price targets for key european stocks

Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.

ubs sees renewable energy fears as exaggerated names top green stocks

UBS has stated that concerns regarding the future of renewable energy companies following Donald Trump's election win are exaggerated. The investment bank highlighted that the increasing demand for power, particularly from data centers, positions various energy sources favorably, naming Iberdrola, Orsted, RWE, and NextEra as stocks to watch for positive performance.
14:52 25.11.2024

green energy stocks decline as trump election victory looms

Shares in wind energy companies plummeted as Donald Trump appeared poised to win the US election, signaling a potential shift towards prioritizing fossil fuels over renewable energy. Danish firms Orsted A/S and Vestas Wind Systems A/S saw declines of 14% and 13%, respectively, while other companies like Germany’s RWE AG and Nordex SE also experienced losses.

brookfield invests 2.3 billion in orsted offshore wind farms in uk

Brookfield has acquired a £1.75 billion ($2.3 billion) stake in four offshore wind farms from Orsted A/S, marking a significant expansion into the UK offshore wind sector. This investment is one of the largest in the industry this year and is expected to support Britain's growth, providing a boost to Chancellor Rachel Reeves ahead of the upcoming budget announcement.
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