4 large beets, trimmed
1 cup orange juice
2 tablespoons sugar
2 tablespoons (1/4 stick) butter
1 tablespoon minced orange peel
2 teaspoons red wine vinegar
Preheat oven to 400°F.
Wrap 2 beets together in foil. Repeat with remaining beets.
Place on baking sheet. Bake until tender, about 1 hour 15 minutes. Cool.
Peel beets. Cut each into 8 wedges.
Combine beets and remaining ingredients in medium non-aluminum saucepan.
Simmer over medium heat until sauce is syrupy, stirring often, about 8 minutes.
Season with salt and pepper.
(Can be made 1 day ahead. Chill. Rewarm over low heat, stirring often.) Serve hot.