Orsted, the world's largest offshore wind developer, faces persistent project economics challenges from US offshore wind impairments (Ocean Wind, Sunrise Wind, Revolution Wind), supply chain cost inflation, and rising hurdle rates required by capital markets. Strategic review under new CEO has pruned the development pipeline aggressively. Danish state holding provides backstop but equity dilution risk remains. The structural offshore wind growth thesis is intact but Orsted's first-mover position has become a liability rather than an advantage. Multi-year reset.
Thesis reviewed May 29, 2026
Orsted A/S is headquartered in Denmark, which is currently showing moderate signals.
π©π°Denmark51NEUTRALView Denmark risk detail βπUtilities32WATCH| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| SRE | Sempra | 36 | +13% | β12% | EARLY |
| EXC | Exelon Corporation | 36 | +10% | β12% | NEUTRAL |
| SO | The Southern Company | 36 | +15% | β12% | EARLY |
| GEV | GE Vernova Inc. | 36 | +15% | β12% | EARLY |
| VST | Vistra Corp. | 36 | +21% | β12% | EARLY |
| NEE | NextEra Energy Inc. | 36 | +20% | β12% | EARLY |
| DUK | Duke Energy Corporation | 36 | +14% | β12% | EARLY |
Investors who hold DNNGY may also have indirect exposure through these country funds.
Orsted takes additional DKK15bn impairment on US offshore wind portfolio
Strategic review confirms exit from offshore wind markets including Spain and Portugal
Estimates Β· Yahoo Finance Β· Not audited figures