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

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR) gapped up prior to trading on Monday . The stock had previously closed at $22.17, but opened at $23.50. Cadeler A/S shares last traded at $23.5080, with a volume of 53,754 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CDLR. Fearnley Fonds upgraded shares of Cadeler A/S to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings cut shares of Cadeler A/S from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Cadeler A/S from a “hold” rating to a “sell” rating in a report on Sunday. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Cadeler A/S Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $25.00 and its two-hundred day moving average price is $23.94. The stock has a market cap of $2.15 billion, a P/E ratio of 6.42 and a beta of 0.68.

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

Institutional Investors Weigh In On Cadeler A/S

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Cadeler A/S in the second quarter worth $34,000. Blue Trust Inc. bought a new stake in shares of Cadeler A/S during the 1st quarter valued at $42,000. Rhumbline Advisers grew its position in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares during the period. Bank of America Corp DE increased its stake in shares of Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock worth $67,000 after acquiring an additional 3,334 shares in the last quarter. Finally, Barclays PLC bought a new position in shares of Cadeler A/S in the 4th quarter worth about $119,000. 53.03% of the stock is currently owned by institutional investors.

Cadeler A/S Company Profile

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.