Ørsted A/S (OTCMKTS:DNNGY) Rating Lowered to Hold at The Goldman Sachs Group

Ørsted A/S (OTCMKTS:DNNGY) was downgraded by The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Separately, Royal Bank Of Canada raised Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Ørsted A/S currently has an average rating of “Moderate Buy”.

Ørsted A/S Trading Down 4.8%

OTCMKTS DNNGY opened at $6.21 on Tuesday. Ørsted A/S has a 1-year low of $5.75 and a 1-year high of $20.66. The company has a 50 day moving average of $6.94 and a 200-day moving average of $7.65.

Ørsted A/S Company Profile

Ørsted A/S is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. The company also develops onshore wind and solar projects, battery storage facilities and other renewable energy infrastructure. Its activities include project development, engineering, construction, operations and maintenance, and the sale of renewable power.

The company was formerly known as DONG Energy and historically operated across oil, natural gas and conventional energy activities.