Barclays repeats its Neutral rating for Danish wind power company Ørsted with a price target of 160 Danish kronor.
The bank sees increased regulatory risks after the US Department of Justice requested a renewed review of the permit for the offshore wind project Revolution Wind, which is more than 95 percent complete.
Barclays expects the stock to underperform the European power sector and sees a risk of further write-downs as a result of higher interest rates.
The bank expects largely unchanged earnings per share in 2027–2030, compared with annual sector growth of approximately 8 percent.
