Equinor Deal a Vote of Confidence in Orsted and Offshore Wind in General -- Market Talk

Dow Jones

Oct 08, 2024

1313 GMT - Equinor's decision to become a significant shareholder in Orsted is an important signal from the perspective of Orsted's equity story, Bank of America Securities analysts write. "In our view, it demonstrates that Equinor not only believes in the long-term outlook for offshore wind as an industry but also has faith in Orsted's current management team and execution capability." The latter is particularly meaningful in the context of the challenges Orsted has experienced over the last two years, they say. Following the acquisition and reflecting Equinor's third quarter trading statement, the bank revises its estimates, with its net income estimates now 4% below Visible Alpha consensus in 2024, over 5% ahead of consensus for 2025 and over 18% ahead for 2026. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

October 08, 2024 09:13 ET (13:13 GMT)

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Following the acquisition and reflecting Equinor's third quarter trading statement, the bank revises its estimates, with its net income estimates now 4% below Visible Alpha consensus in 2024, over 5% ahead of consensus for 2025 and over 18% ahead for 2026. 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Following the acquisition and reflecting Equinor's third quarter trading statement, the bank revises its estimates, with its net income estimates now 4% below Visible Alpha consensus in 2024, over 5% ahead of consensus for 2025 and over 18% ahead for 2026. (dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 08, 2024 09:13 ET (13:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2473427563","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473427563","pubTimestamp":1728393180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1313 GMT - Equinor's decision to become a significant shareholder in Orsted is an important signal from the perspective of Orsted's equity story, Bank of America Securities analysts write. \"In our view, it demonstrates that Equinor not only believes in the long-term outlook for offshore wind as an industry but also has faith in Orsted's current management team and execution capability.\" The latter is particularly meaningful in the context of the challenges Orsted has experienced over the last two years, they say. Following the acquisition and reflecting Equinor's third quarter trading statement, the bank revises its estimates, with its net income estimates now 4% below Visible Alpha consensus in 2024, over 5% ahead of consensus for 2025 and over 18% ahead for 2026. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4201":"综合性石油与天然气企业","01967":"信恳智能","BK1167":"电子制造服务","EQNR":"Equinor ASA"},"translate_title":"Equinor交易是对Orsted和海上风电的信任票——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01967":1,"EQNR":0.9},"content_text":"1313 GMT - Equinor's decision to become a significant shareholder in Orsted is an important signal from the perspective of Orsted's equity story, Bank of America Securities analysts write. \"In our view, it demonstrates that Equinor not only believes in the long-term outlook for offshore wind as an industry but also has faith in Orsted's current management team and execution capability.\" The latter is particularly meaningful in the context of the challenges Orsted has experienced over the last two years, they say. Following the acquisition and reflecting Equinor's third quarter trading statement, the bank revises its estimates, with its net income estimates now 4% below Visible Alpha consensus in 2024, over 5% ahead of consensus for 2025 and over 18% ahead for 2026. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 08, 2024 09:13 ET (13:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}