Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up After Strong Earnings

Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $9.06, but opened at $10.52. Vestas Wind Systems AS shares last traded at $10.63, with a volume of 29,926 shares.

The energy company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vestas Wind Systems AS has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. The stock has a market cap of $31.66 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. The company’s 50 day moving average price is $8.97 and its 200-day moving average price is $9.16.

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.