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

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped up before the market opened on Tuesday . The stock had previously closed at $9.17, but opened at $9.70. Vestas Wind Systems AS shares last traded at $9.63, with a volume of 109,770 shares traded.

Analysts Set New Price Targets

VWDRY has been the topic of several recent research reports. Kepler Capital Markets cut Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. 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. Finally, DZ Bank upgraded Vestas Wind Systems AS to a “strong-buy” rating in a research report on Sunday, December 21st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Up 2.6%

The company has a market capitalization of $29.69 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 1.00. The firm has a fifty day moving average price of $8.69 and a 200-day moving average price of $8.22.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Thursday, February 5th. The energy company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $6.41 billion. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%. As a group, equities analysts anticipate that Vestas Wind Systems AS will post 0.27 EPS for the current 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.