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 Friday . The stock had previously closed at $8.56, but opened at $8.81. Vestas Wind Systems AS shares last traded at $8.77, with a volume of 25,200 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports 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 upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Up 2.0%

The stock has a market capitalization of $26.07 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $9.53 and a two-hundred day moving average of $9.18.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.48 billion. On average, research analysts expect that Vestas Wind Systems AS will post 0.44 EPS 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.