Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down – Here’s Why

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped down prior to trading on Monday . The stock had previously closed at $9.50, but opened at $9.15. Vestas Wind Systems AS shares last traded at $9.28, with a volume of 5,057 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. 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. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The company has a 50 day moving average of $9.46 and a 200 day moving average of $9.21. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 1.05 and a beta of 0.96.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.48 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%. Equities research analysts predict that Vestas Wind Systems AS will post 0.46 EPS for the current fiscal year.

Vestas Wind Systems AS Company Profile

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.