Cadeler A/S (NYSE:CDLR) Shares Gap Up – What’s Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR) gapped up before the market opened on Thursday . The stock had previously closed at $24.94, but opened at $25.81. Cadeler A/S shares last traded at $25.76, with a volume of 32,549 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CDLR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, January 21st. Fearnley Fonds raised Cadeler A/S to a “hold” rating in a report on Monday, March 23rd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Cadeler A/S presently has a consensus rating of “Hold”.

Cadeler A/S Stock Up 4.3%

The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 7.23 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.00. The firm’s 50 day simple moving average is $24.56 and its 200-day simple moving average is $21.15.

Cadeler A/S (NYSE:CDLR) last issued its earnings results on Tuesday, March 24th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. Cadeler A/S had a net margin of 45.35% and a return on equity of 20.60%. The business had revenue of $196.48 million for the quarter, compared to the consensus estimate of $170.48 million. On average, sell-side analysts anticipate that Cadeler A/S Sponsored ADR will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Cadeler A/S

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Cadeler A/S by 19.0% in the 4th quarter. Cetera Investment Advisers now owns 26,509 shares of the company’s stock valued at $493,000 after buying an additional 4,228 shares during the period. Barclays PLC acquired a new position in Cadeler A/S during the fourth quarter worth $119,000. Jane Street Group LLC purchased a new position in Cadeler A/S in the fourth quarter worth $206,000. Bank of America Corp DE lifted its holdings in Cadeler A/S by 17.7% in the third quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock valued at $82,000 after acquiring an additional 597 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after purchasing an additional 675 shares in the last quarter. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.