|Bid||626.60 x 0|
|Ask||658.70 x 0|
|Day's Range||640.20 - 661.67|
|52 Week Range||567.20 - 917.80|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||18.57|
|Forward Dividend & Yield||13.50 (2.11%)|
|Ex-Dividend Date||Mar 08, 2023|
|1y Target Est||N/A|
Denmark's Orsted, the world's No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. However, fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) excluding new partnerships fell 19% to 6.70 billion Danish crowns ($979.5 million), the statement said. The company said it saw an unexpected decrease in its offshore business in the fourth quarter, primarily due to adverse impacts from hedges and delays at its Hornsea 2 project in the UK and Greater Changhua 1 & 2a project in Taiwan.
Denmark's Orsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative to build an offshore wind farm without a government tender. "Orsted and CIP hope that the projects can be built prior to and in parallel with the projects in the government tenders," the companies said, adding that the projects might be feasible already by 2027 or 2028.
Danish energy group Orsted and France's TotalEnergies have submitted a joint bid to build two wind farms in the Dutch part of the North Sea, they said on Thursday, with total capacity of 1.4 gigawatts (GW). The tender is part of the Netherlands' push to increase supply of sustainable energy, aiming to have offshore wind farms with total capacity of about 21 GW by 2030, up from about the 3 GW already operational or under construction. Among competitors for Orsted and TotalEnergies are Swedish energy company Vattenfall and a consortium of Shell and Dutch energy supplier Eneco.