Cadeler A/S (NYSE:CDLR) Shares Gap Up - Here's Why

Key Points

• Cadeler shares jumped at the open, rising from a prior close of $23.97 to $26.00 before trading around $25.73, with roughly 45,836 shares changing hands.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock to “sell,” while Weiss Ratings maintained a “hold” rating. The overall consensus is “Hold,” based on three analyst ratings.
• Cadeler has a $2.50 billion market capitalization, and institutional investors own 53.03% of its shares. The Denmark-based company specializes in offshore wind turbine installation using large jack-up vessels.

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $23.97, but opened at $26.00. Cadeler A/S shares last traded at $25.7310, with a volume of 45,836 shares trading hands.

Analyst Ratings Changes

Several research analysts have issued reports on CDLR shares. Wall Street Zen lowered Cadeler A/S from a "hold" rating to a "sell" rating in a research note on Sunday, July 5th. Weiss Ratings restated a "hold (c)" rating on shares of Cadeler A/S in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Cadeler A/S Price Performance

The stock has a fifty day moving average of $22.65 and a two-hundred day moving average of $24.45. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 7.46 and a beta of 0.66.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC acquired a new stake in Cadeler A/S in the 4th quarter valued at about $119,000. Jane Street Group LLC acquired a new position in shares of Cadeler A/S during the fourth quarter worth approximately $206,000. Bank of America Corp DE lifted its position in shares of Cadeler A/S by 17.7% during the third quarter. Bank of America Corp DE now owns 3,963 shares of the company's stock worth $82,000 after purchasing an additional 597 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cadeler A/S during the second quarter valued at approximately $34,000. Finally, Cetera Investment Advisers bought a new stake in shares of Cadeler A/S during the second quarter valued at approximately $375,000. 53.03% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source