Orsted buys Gunfleet Sands stake: Goldman sets DKK 155 target for Orsted stock

Published on 10/15/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 25.58 percent to DKK 18.90 billion. Orsted stock trades at EUR 16.65 on October 15, 2026.

Second-quarter figures and ownership

Orsted agreed to acquire the remaining 49.90 percent of Gunfleet Sands for GBP 15.00 million on October 15, 2026.
Second-quarter revenue reached DKK 18.90 billion, 25.58 percent above the prior-year figure.
Orsted stock trades at EUR 16.65 at 1:05 p.m. CEST at Lang & Schwarz on October 15, 2026.

Pop-Art-Comic zeigt große Windturbine auf Felsen im Meer mit Sonnenstrahlen — Farbenfrohe Pop-Art-Comic-Szene mit heroischer Windturbine am Meer visualisiert kreativ Ørsted A/S, ISIN DK0060094928, Illustration mit AI erstellt.

Orsted (ISIN DK0060094928) agreed to acquire the remaining 49.90 percent of the 172 MW Gunfleet Sands 1 and 2 offshore wind farm for GBP 15.00 million. Windfair reported the transaction on October 15, 2026, with completion expected in November.

What does Gunfleet Sands add?

The acquisition would give Orsted full ownership of an asset located 7 kilometers off the Essex coast. The company already holds 50.10 percent, so the deal increases control over operating decisions and future late-life options at the project.

The transaction is relatively small beside Orsted's operating portfolio, but it adds a concrete ownership step during a period when offshore developers are balancing construction spending, financing costs and regulatory uncertainty. The 172 MW capacity gives the announcement a measurable operating dimension beyond the GBP 15.00 million consideration.

Financial results show a sharp contrast

Orsted's second-quarter revenue was DKK 18.90 billion, up 25.58 percent from DKK 15.05 billion a year earlier. Net profit was DKK 518.00 million, down 83.29 percent from DKK 3.10 billion in the prior-year quarter, according to Markets Insider on October 14, 2026.

The same report said Goldman Sachs downgraded Orsted to Hold and set a DKK 155.00 price target. The rating change highlighted the company's capital intensity, while the latest earnings figures show why revenue growth alone does not define the investment case.

Three dated operating signals

On October 13, 2026, Orsted's Revolution Wind project reached its 65-turbine installation milestone, according to Ground News. On October 14, 2026, Goldman Sachs set its DKK 155.00 target after moving the rating to Hold, as reported by Markets Insider. On October 15, 2026, Orsted announced the GBP 15.00 million Gunfleet Sands transaction, reported by Windfair.

The listing trades on Nasdaq Copenhagen under ORSTED.CO, according to Global Banking and Finance. That venue context matters because the latest analyst target and the reported financial figures are denominated in Danish kroner, while the German trading indication is quoted in euros.

Stock indication stays in focus

Orsted was trading at EUR 16.65 at Lang & Schwarz on October 15, 2026 at 1:05 p.m. CEST. The quote provides the current German-market reference as the company weighs a modest ownership investment against weaker quarterly profit and a fresh Hold rating.

The further course of trading is shown by the continuously updated real-time quote of Orsted stock.