ORSTED A/S -ANR-

Barclays moves Orsted from "Underweight" to "Equal Weight" and raises the price target from 117 to 160 Danish kroner. The bank cites a stabilised balance sheet, a streamlined portfolio and management’s prioritisation of returns over volume as reasons for the re-rating. In addition, a renewed gas crisis and a turnaround in auction gains could support a recovery in growth from 2030. » Plus sur finanzen.net

Orsted has sold its European onshore business to Danish investment firm Copenhagen Infrastructure Partners for €1.44 billion (USD 1.7bn). The transaction includes about 578 MW of operational capacity, 248 MW under construction and a project pipeline for wind, solar and battery storage in Ireland, the UK, Germany and Spain. Orsted says the sale completes the announced divestment programme and substantially strengthens the company’s financial position, CFO Trond Westlie said. » Plus sur de.investing.com

The US government has temporarily suspended lease agreements and construction work for five large offshore wind projects off the East Coast and paused licences to review national security risks. The reason cited are reports that turbine blades and towers could interfere with radar, making threat detection more difficult. Projects off Massachusetts, Connecticut, New York and Virginia are affected; politicians and environmental groups criticize the move as politically motivated and warn of lost investment and jobs. In response, Orsted and Vestas shares fell noticeably at times. » Plus sur finanzen.net