Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up – Here’s What Happened

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.51, but opened at $8.86. Vestas Wind Systems AS shares last traded at $8.8505, with a volume of 6,675 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VWDRY shares. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Up 0.5%

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67. The stock has a market capitalization of $26.22 billion, a PE ratio of 26.61, a PEG ratio of 1.28 and a beta of 0.97. The company has a 50 day moving average price of $9.72 and a 200-day moving average price of $9.14.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%. As a group, analysts forecast that Vestas Wind Systems AS will post 0.44 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.