Orsted opens 913 MW wind farm and ABG raises target for Orsted stock
Published on 10/01/2026 at 15:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Orsted (ISIN DK0060094928) and Nuveen inaugurated the 913 MW Borkum Riffgrund 3 offshore wind farm on September 22, 2026, while ABG Sundal Collier raised its target for Orsted stock from DKK 160 to DKK 180 on September 18, 2026. The project adds a large operating asset in Germany, while the analyst move gives investors a quantified view of valuation expectations.
913 MW project reaches operation
According to Orsted on September 22, 2026, Borkum Riffgrund 3 is jointly owned by Orsted and Nuveen and can generate enough renewable electricity to cover the annual consumption of close to one million households. The project is Orsted's sixth operational offshore wind farm in Germany and lifts its German offshore capacity to 2.5 GW, according to Modern Power Systems on September 22, 2026.
Revenue grew in the second quarter
The latest reported operating figures cover the second quarter of 2026. TradingView reported on September 1, 2026 that revenue rose 28.00 percent year over year to DKK 48.3 billion, while EBITDA increased to DKK 15.0 billion. Profit fell to DKK 3.3 billion because of impairments and higher tax, and Orsted maintained 2026 EBITDA guidance above DKK 28.0 billion. The combination points to operational growth alongside pressure below EBITDA.
Analyst target moves above the market
According to MarketScreener, ABG Sundal Collier upgraded Orsted to Buy and raised its target from DKK 160 to DKK 180 on September 18, 2026. The target increase of DKK 20.00, or 12.50 percent versus the earlier target, provides the clearest quantified analyst change in the recent coverage.
Orsted stock holds at EUR 18.01
Orsted stock was trading at EUR 18.01 at Lang & Schwarz on October 1, 2026 at 3:03 p.m. CEST, unchanged at plus 0.00 percent versus the prior close of EUR 18.01 on September 30, 2026. The primary listing is on Nasdaq Copenhagen, where the finance quote showed DKK 134.60 at 3:06 p.m. CEST on October 1, 2026, with a 52-week range of DKK 111.00 to DKK 172.20 and market capitalization of DKK 177.8 billion. Third-quarter 2026 results are scheduled for November 5, 2026.
Orsted stock facts
- Company: Orsted A/S
- ISIN: DK0060094928
- Ticker: ORSTED
- Primary exchange: Nasdaq Copenhagen
- Price Lang & Schwarz (as of October 1, 2026, 3:03 p.m. CEST): EUR 18.01
- Change versus prior close: plus 0.00 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 18.01
- Market capitalization: DKK 177.8 billion (as of October 1, 2026)
- 52-week range: DKK 111.00-DKK 172.20 (as of October 1, 2026)
- Sector / Industry: Utilities / Renewable Utilities
