Ørsted A/S (OTCMKTS:DNNGY) Shares Gap Up – Here’s What Happened

Ørsted A/S (OTCMKTS:DNNGY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $6.99, but opened at $7.3793. Ørsted A/S shares last traded at $7.25, with a volume of 47,437 shares changing hands.

Analyst Ratings Changes

DNNGY has been the topic of several analyst reports. Morgan Stanley upgraded shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Royal Bank Of Canada upgraded Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. Finally, Zacks Research raised Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Ørsted A/S Trading Up 3.4%

The business has a fifty day moving average price of $7.31 and a 200 day moving average price of $7.80.

Ørsted A/S Company Profile

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.