Vestas Wind Systems AS (OTCMKTS:VWDRY) Upgraded to “Strong-Buy” at Berenberg Bank

Berenberg Bank upgraded shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research analysts have also weighed in on VWDRY. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Finally, Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Vestas Wind Systems AS Price Performance

Vestas Wind Systems AS stock opened at $10.82 on Wednesday. Vestas Wind Systems AS has a 12-month low of $5.92 and a 12-month high of $11.24. The stock has a market cap of $32.32 billion, a P/E ratio of 25.16, a PEG ratio of 0.82 and a beta of 0.97. The company has a 50-day moving average price of $9.45 and a 200 day moving average price of $9.25. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.19 billion. Sell-side analysts anticipate that Vestas Wind Systems AS will post 0.54 earnings per share for the current 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.