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

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares gapped down prior to trading on Monday . The stock had previously closed at $9.50, but opened at $9.15. Vestas Wind Systems AS shares last traded at $9.28, with a volume of 5,057 shares trading hands.

Analysts Set New Price Targets

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

Vestas Wind Systems AS Trading Down 2.4%

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 business’s 50-day simple moving average is $9.43 and its two-hundred day simple moving average is $9.21. The stock has a market capitalization of $27.24 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.03 and a beta of 0.96.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.48 billion. On average, research analysts anticipate that Vestas Wind Systems AS will post 0.46 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.