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

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VWDRY. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. DZ Bank upgraded Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Finally, Kepler Capital Markets cut Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The company has a fifty day moving average of $8.71 and a 200 day moving average of $8.19. The firm has a market capitalization of $29.03 billion, a P/E ratio of 31.93, a PEG ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 0.66.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its earnings results on Thursday, February 5th. The energy company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%.The business had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Sell-side analysts predict that Vestas Wind Systems AS will post 0.27 earnings per share for the current year.

Vestas Wind Systems AS Company Profile

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.