Vestas Wind Systems AS (OTCMKTS:VWDRY) Reaches New 12-Month High on Strong Earnings

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $10.94 and last traded at $10.8650, with a volume of 61585 shares traded. The stock had previously closed at $9.06.

The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vestas Wind Systems AS has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The company’s 50-day simple moving average is $8.93 and its 200-day simple moving average is $9.15. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 0.81.

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.