Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down - What's Next?

Key Points

• Vestas shares fell 4%, opening at $9.57 versus the previous close of $10.06, and last traded near $9.64.
• Analyst sentiment remains broadly positive: MarketBeat reports an average “Buy” rating, including four Strong Buy ratings, despite one Hold and one Sell rating.
• Vestas beat quarterly expectations, reporting $0.11 in earnings per share versus the $0.06 consensus and revenue of $5.45 billion compared with estimates of $5.19 billion.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report)'s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $10.06, but opened at $9.57. Vestas Wind Systems AS shares last traded at $9.6380, with a volume of 35,672 shares.

Analyst Upgrades and Downgrades

VWDRY has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Kepler Capital Markets upgraded Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 5th. Finally, Berenberg Bank raised Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Buy".

Vestas Wind Systems AS Trading Down 4.0%

The firm has a market cap of $28.86 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.99. The company has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $9.61. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) 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 29.07%. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. As a group, sell-side analysts forecast that Vestas Wind Systems AS will post 0.54 earnings per share for the current fiscal year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.

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