Orsted exercises Gunfleet Sands buyback right. Orsted stock sits above EUR 15.19 low

Published on 10/20/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orsted's Gunfleet Sands buyback covers 49.9 percent for GBP 15.0 million. Orsted stock costs EUR 16.54 on October 20, 2026, above its EUR 15.19 52-week low.

Ownership expands in November

Orsted agreed on October 12, 2026, to acquire the remaining 49.9 percent of Gunfleet Sands for GBP 15.0 million.
Second-quarter 2026 revenue reached DKK 18.90 billion, while net income was DKK 518.0 million.
Orsted stock was trading at EUR 16.54 at 1:18 p.m. CEST at Lang & Schwarz on October 20, 2026.

Isometrische Grafik zeigt Windpark, Seekabel, Umspannwerk und Stromnetz zur Stadt — Isometrische 3D-Grafik der Energie-Wertschöpfungskette von Offshore-Wind bis Stadtnetz illustriert Geschäftsmodell von Ørsted A/S, ISIN DK0060094928, Illustration mit AI erstellt.

Orsted (ISIN DK0060094928) exercised its buyback right for the remaining 49.9 percent of Gunfleet Sands for GBP 15.0 million, according to the company's release dated October 12, 2026. Orsted stock sits above its EUR 15.19 52-week low.

Full ownership comes in November

According to Orsted on October 12, 2026, the transaction will lift Orsted's holding from 50.1 percent to full ownership of the 172 MW offshore wind farm. Closing is expected in November and remains subject to customary conditions.

The asset lies 7 kilometers off the Essex coast and has operated since 2010. Orsted said the purchase will give it greater flexibility to manage the site and assess a possible lifetime extension. The company also said the wind farm produces enough renewable electricity for more than 125,000 UK homes annually.

How do recent results frame the deal?

Orsted's second-quarter 2026 revenue was DKK 18.90 billion, while net income reached DKK 518.0 million. Simply Wall St reported that second-quarter revenue exceeded the prior-year figure of DKK 17.10 billion, while earnings per share fell to DKK 0.40 from DKK 7.30.

The contrast matters for the investment case. The deal adds control of an operating asset, but the second-quarter profit comparison shows that asset ownership alone does not determine group earnings.

When are the next milestones?

The Gunfleet Sands transaction is expected to close in November 2026. comdirect lists November 5, 2026, as the next reporting date for Orsted's third-quarter 2026 results.

Stock stays above its yearly low

Orsted has a market capitalization of DKK 163.0 billion as of October 20, 2026. Its EUR 15.19 to EUR 22.76 52-week range places the current price 8.89 percent above the low.

Orsted stock was trading at EUR 16.54 at Lang & Schwarz on October 20, 2026 at 1:18 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Orsted stock.