Stormy seas captain?On the other side of the Atlantic. This caught my eye.
Norway's lead investment bank DNB Markets, is pessimistic about Orsted. I can't find the reasons but lower project return concerns could be part of it. Voices of nationalism-money going to foreign developers and new contracts where project returns are being squeezed.
Currently Orsted trading at 585. So 470 target would mean a 20% decline. Just to have the boldness to issue a sell warning for the world's largest offshore wind developer, should raise some eyebrows
DNB Markets initiated coverage of Orsted with a Sell rating and DKK 470 price target.