Pareto Securities: Ørsted holds strong position against oil companies

The Norwegian financial group forecasts that Ørsted has fine footing in the burgeoning offshore wind market against heightened competition from the oil giants.

Photo: HENNING BAGGER/Henning Bagger / henning bagger

BY RITZAU FINANS

Ørsted is well clad to resist tighter competition in the offshore wind market, and when held in relation to the booming business segment, Norwegian investment bank Pareto Securities sets its target share price for the utility to DKK 1,050 from DKK 900.

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