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An announcement from Cadeler A/S Sponsored ADR ( (CDLR) ) is now available.
Cadeler A/S has secured a firm contract with Synera Renewable Energy for the transportation and installation of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 Offshore Wind Farm in Taiwan. This project, set to begin in March 2028, is part of Cadeler’s long-term strategy to expand its presence in the Asia-Pacific region, with the contract expected to generate between EUR 70 and 80 million in revenue. The Formosa 4 wind farm, located off the coast of Miaoli County, will significantly contribute to Taiwan’s green energy supply, providing 495 MW of clean offshore energy. This contract reflects Cadeler’s ongoing efforts to advance offshore wind projects in the region, supported by its local office in Taipei.
The most recent analyst rating on (CDLR) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Cadeler A/S Sponsored ADR stock, see the CDLR Stock Forecast page.
Spark’s Take on CDLR Stock
According to Spark, TipRanks’ AI Analyst, CDLR is a Outperform.
Cadeler A/S demonstrates robust financial performance and positive earnings call insights, driving a strong overall score. However, technical indicators suggest caution, and valuation metrics indicate moderate attractiveness. Challenges in cash flow and market uncertainties, particularly in the US, are notable risks.
To see Spark’s full report on CDLR stock, click here.
More about Cadeler A/S Sponsored ADR
Cadeler is a global leader in offshore wind installation, operations, and maintenance services, focusing exclusively on the offshore wind industry with a strong emphasis on safety and the environment. The company operates the largest fleet of jack-up offshore wind installation vessels and has been a key supplier in the development of offshore wind energy for over a decade. Cadeler is committed to sustainable wind farm installation and facilitating the global energy transition towards renewable energy.
Average Trading Volume: 56,239
Technical Sentiment Signal: Sell
Current Market Cap: $1.88B
For an in-depth examination of CDLR stock, go to TipRanks’ Overview page.