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

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $11.2410 and last traded at $11.24, with a volume of 7971 shares trading hands. The stock had previously closed at $11.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VWDRY. Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Vestas Wind Systems AS Stock Performance

The firm’s 50 day simple moving average is $9.70 and its 200 day simple moving average is $9.36. The firm has a market capitalization of $33.75 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 0.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%. 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 (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.