Vestas Wind Systems AS (OTCMKTS:VWDRY) Reaches New 1-Year High – Still a Buy?

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) hit a new 52-week high on Wednesday . The stock traded as high as $11.05 and last traded at $10.96, with a volume of 95053 shares. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

A number of research firms have commented on VWDRY. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The stock has a market capitalization of $33.51 billion, a PE ratio of 26.09, a PEG ratio of 0.78 and a beta of 0.97. 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’s 50-day simple moving average is $9.41 and its two-hundred day simple moving average is $9.23.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released 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. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%. On average, equities research analysts expect that Vestas Wind Systems AS will post 0.54 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

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.