Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Large Volume Increase – Here’s Why

Vestas Wind Systems AS (OTCMKTS:VWDRY) saw unusually-strong trading volume on Friday . Approximately 254,911 shares changed hands during trading, an increase of 77% from the previous session’s volume of 143,635 shares.The stock last traded at $10.06 and had previously closed at $10.04.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VWDRY shares. Berenberg Bank cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. DZ Bank raised Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Finally, Barclays reaffirmed an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The firm has a market cap of $30.24 billion, a P/E ratio of 29.35, a P/E/G ratio of 0.60 and a beta of 1.17. The firm’s fifty day simple moving average is $9.00 and its 200 day simple moving average is $7.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.60 and a current ratio of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its earnings results on Wednesday, November 5th. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Vestas Wind Systems AS had a return on equity of 27.61% and a net margin of 5.00%. As a group, analysts forecast that Vestas Wind Systems AS will post 0.27 earnings per share for the current 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.