Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up - Here's What Happened

Key Points

• Vestas Wind Systems AS shares saw a notable increase, opening at $6.90 after closing at $6.10, with a last traded price of $6.88.
• Analysts provided mixed ratings, with Kepler Capital Markets downgrading the stock to a "strong sell", while Berenberg Bank upgraded it to a "strong buy."
• The company reported earnings of $0.01 per share for the last quarter, exceeding expectations and generating revenue of $4.37 billion, surpassing analyst estimates of $3.98 billion.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $6.10, but opened at $6.90. Vestas Wind Systems AS shares last traded at $6.88, with a volume of 32,891 shares.

Analyst Upgrades and Downgrades

VWDRY has been the topic of several analyst reports. Fearnley Fonds downgraded shares of Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Kepler Capital Markets downgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Vestas Wind Systems AS in a research note on Friday, August 15th. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Citigroup reiterated a "buy" rating on shares of Vestas Wind Systems AS in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Vestas Wind Systems AS Stock Up 3.0%

The company has a quick ratio of 0.60, a current ratio of 1.02 and a debt-to-equity ratio of 0.92. The company's fifty day moving average is $5.89 and its 200-day moving average is $5.21. The company has a market cap of $21.75 billion, a PE ratio of 26.59, a PEG ratio of 0.83 and a beta of 1.25.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $3.98 billion. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.27%. On average, analysts predict that Vestas Wind Systems AS will post 0.27 EPS for the current year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.