Tancrede Fulop, CFA

European utilities benefit from these energy price spikes and can reinvest windfall profits in high-quality assets like the electricity grid or in the US renewables.

Ørsted net profit tumbled by 79%, missing the company-compiled consensus by a wide margin.

We think Enel stock is fairly valued.

We think Vestas Wind Systems stock is fairly valued.

We think Orsted stock is fairly valued.

We think Vestas Wind Systems stock is fairly valued.

Through its large gas trading business, Naturgy is favorably exposed to high gas prices.

We think Siemens Energy stock is moderately overvalued.

We think Vestas Wind Systems stock is fairly valued.

Our update on select stocks from the Utilities sector.

We think Orsted stock is moderately undervalued.

We see a greater than 50% likelihood that the projects will be allowed to proceed.

Strong earnings and forecasts for higher AI electricity consumption support growth assumptions.

We think Vestas Wind Systems stock is fairly valued.

We think Ørsted stock is moderately undervalued.

Shares in the Spanish utility are fairly valued.

We reaffirm our fair value estimate for no-moat Vestas.

We cut our fair value estimate by 40%.

All eyes are on the upcoming rights issue; shares still undervalued.

Morningstar’s uncertainty rating for the wind power giant rises from medium to high.

Despite a 15% rally year to date, the shares still trade at a discount to our valuation.

We’ve lowered our fair value estimate of Orsted stock.

After its rally in the second quarter, the sector still holds many undervalued stocks.

Intense pricing pressure, cost inflation, and growing Chinese competition pose challenges.