Democrats won control of the Senate and House of Representatives after a sweeping victory in the 2026 US midterm elections. This has boosted European renewables developers with US exposure. Ørsted is up 7% at the time of writing, EDP Renovaveis by 4%, and Acciona Energia, RWE, and Engie by 2%.
The rights issue and the farm-down of Hornsea 3 considerably shored up Orsted's balance sheet.
A victory of the Reform UK party at the next general elections would be negative for the UK offshore wind industry, which is led by Orsted.
Metric | ORSTED | IBE | RWE |
|---|---|---|---|
Price/Earnings (Normalized) | 26.25 | 27.33 | 12.62 |
Price/Book Value | 1.59 | 2.64 | 1.21 |
Price/Sales | 2.29 | 3.60 | 2.58 |
Price/Cash Flow | 9.22 | 12.59 | 5.47 |
Metric | ORSTED | IBE | RWE |
|---|---|---|---|
Quick Ratio | 1.36 | 0.62 | 0.48 |
Current Ratio | 1.72 | 0.74 | 1.19 |
Interest Coverage | 1.28 | 4.42 | 0.49 |
Metric | ORSTED | IBE | RWE |
|---|---|---|---|
Return on Assets (Normalized) | 2.54% | 4.04% | 2.11% |
Return on Equity (Normalized) | 8.19% | 11.67% | 6.51% |
Return on Invested Capital (Normalized) | 4.02% | 6.82% | 2.66% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Orsted AS ADR DNNGY | — | LOCK|$K | $28B | |||
| Orsted AS DOGEF | — | LOCK|G% | $28B | |||
| Verbund AG ADR OEZVY | — | LOCK|#F^ | $28B | |||
| Fortum Oyj FOJCF | — | LOCK|%$d% | $23B | |||
| Fortum Oyj ADR FOJCY | — | LOCK|&V<# | $23B | |||
| Axia Energia Preferred C ADS AXICY | — | LOCK|T> | $20B | |||
| Axia Energia ADR AXIAY | — | LOCK|jmR | $20B | |||
| EDP Renewables SA ADR EDRVY | — | LOCK|hG | $17B | |||
| EDP Renewables SA EDRVF | — | LOCK|rs | $17B | |||
| China Longyuan Power Group Corp Ltd ADR CLPXY | — | LOCK|<# | $13B |
United States