Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up – Time to Buy?

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price gapped up before the market opened 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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VWDRY shares. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Up 2.0%

The business’s 50 day simple moving average is $9.56 and its 200-day simple moving average is $9.18. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67. The stock has a market capitalization of $26.07 billion, a P/E ratio of 26.46, a PEG ratio of 1.29 and a beta of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its 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. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. As a group, analysts forecast that Vestas Wind Systems AS will post 0.44 EPS for the current year.

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.