Ørsted Upgraded to Buy, Shares Rise 3%

Goldman Sachs upgraded Ørsted to Buy with 185 DKK price target, citing balance‑sheet strength and policy tailwinds.
Shares jumped over 3% in Copenhagen trading following the upgrade, after a five‑year decline of more than 80%.
Analyst Alberto Gandolfi highlighted Europe’s renewable push, easing U.S. hostility, and expected strong balance sheet by 2028 as upgrade drivers.
He is ahead of consensus on 2033 EBITDA forecasts, noting completion of U.S. projects will enable growth.