Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Kepler Cheuvreux has reinstated coverage on Orsted (ORSTED:DC) with a Buy rating and a price target of DKK140.00, following the company’s DKK60 billion capital increase.
The Danish renewable energy company recently completed the capital raise to fund its planned capacity expansion of nearly 9 gigawatts (GW) through the end of 2027, according to Kepler Cheuvreux.
The research firm noted that Orsted appears to be transitioning from "an outright developer toward a developing operator," with the company’s capacity growth expected to plateau after 2027.
Kepler Cheuvreux maintained a discount of more than 10% in its valuation to account for remaining risks, including U.S. operations, potential impairments, and farmdowns.
The firm indicated that the current share price offers an attractive entry point for investors, despite acknowledging that the company still faces some operational challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.