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

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $22.48, but opened at $23.72. Cadeler A/S shares last traded at $23.6150, with a volume of 5,852 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Cadeler A/S from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Fearnley Fonds raised shares of Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen cut shares of Cadeler A/S from a “hold” rating to a “sell” rating in a research note on Sunday, July 5th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The firm’s fifty day simple moving average is $24.52 and its 200 day simple moving average is $24.08. The company has a market capitalization of $2.29 billion, a PE ratio of 6.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.31 and a quick ratio of 1.29.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $144.38 million for the quarter, compared to analysts’ expectations of $174.30 million. Cadeler A/S had a net margin of 39.61% and a return on equity of 18.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CDLR. Cetera Investment Advisers boosted its position in Cadeler A/S by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after purchasing an additional 6,741 shares in the last quarter. Barclays PLC purchased a new position in shares of Cadeler A/S during the 4th quarter valued at approximately $119,000. Jane Street Group LLC purchased a new position in shares of Cadeler A/S during the 4th quarter valued at approximately $206,000. Bank of America Corp DE increased its holdings in shares of Cadeler A/S by 17.7% during the 3rd quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock valued at $82,000 after purchasing an additional 597 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Cadeler A/S in the 2nd quarter valued at $34,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

About Cadeler A/S

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.