Cadeler A/S (NYSE:CDLR) Shares Gap Up – Should You Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares gapped up before the market opened on Friday . The stock had previously closed at $23.97, but opened at $25.43. Cadeler A/S shares last traded at $25.1850, with a volume of 38,820 shares traded.

Wall Street Analyst Weigh In

CDLR has been the subject of a number of analyst reports. Pareto Securities upgraded Cadeler A/S to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Cadeler A/S Stock Performance

The company has a market capitalization of $2.20 billion, a P/E ratio of 7.32 and a beta of 0.13. The stock’s fifty day moving average price is $23.68 and its 200-day moving average price is $20.82. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.06 and a current ratio of 1.07.

Institutional Trading of Cadeler A/S

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of Cadeler A/S by 45.2% in the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after buying an additional 675 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Cadeler A/S during the 2nd quarter worth approximately $375,000. Invesco Ltd. bought a new stake in Cadeler A/S in the 2nd quarter valued at $4,555,000. Marshall Wace LLP raised its stake in Cadeler A/S by 30.7% in the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after acquiring an additional 20,079 shares during the period. Finally, Diametric Capital LP acquired a new stake in Cadeler A/S during the 2nd quarter valued at $391,000. Institutional investors own 53.03% of the company’s stock.

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.