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 elevated risk signals.
🇩🇰Denmark72NEUTRALView Denmark risk detail →🔌Utilities32WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| GEV | GE Vernova Inc. | 36 | +15% | ↓12% | EARLY |
| SO | The Southern Company | 36 | +15% | ↓12% | EARLY |
| CEG | Constellation Energy Corporation | 36 | +24% | ↓12% | EARLY |
| SRE | Sempra | 36 | +13% | ↓12% | EARLY |
| DUK | Duke Energy Corporation | 36 | +14% | ↓12% | EARLY |
| NEE | NextEra Energy Inc. | 36 | +20% | ↓12% | EARLY |
| EXC | Exelon Corporation | 36 | +10% | ↓12% | NEUTRAL |
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 · Yahoo Finance · Not audited figures