Ørsted Posts Strong H1 2024 Results, Adjusts Strategy
Company Announcements

Ørsted Posts Strong H1 2024 Results, Adjusts Strategy

Orsted (DOGEF) has released an update.

Ørsted A/S reported a robust first half of 2024 with a 25% underlying increase in EBITDA, driven by higher earnings from offshore wind farms and the successful commissioning of around 2 GW renewable capacity. Despite a setback due to a delay in a US offshore wind project and the strategic pivot away from the liquid e-fuel market, the company maintains its full-year EBITDA guidance and adjusts its investment forecast. The strong operational performance, especially in offshore wind, underpins Ørsted’s commitment to its long-term renewable capacity goals.

For further insights into DOGEF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyOrsted price target lowered to DKK 470 from DKK 480 at Deutsche Bank
TheFlyOrsted downgraded to Hold from Buy at Kepler Cheuvreux
TheFlyOrsted price target lowered to DKK 490 from DKK 500 at UBS
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!