Cadeler A/S (NYSE:CDLR) Shares Gap Up to $18.70

Cadeler A/S (NYSE:CDLR)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $18.70, but opened at $19.24. Cadeler A/S shares last traded at $19.23, with a volume of 23,123 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus started coverage on shares of Cadeler A/S in a research note on Thursday, January 4th. They issued a “buy” rating and a $35.00 price target on the stock.

Cadeler A/S Stock Performance

The business’s 50 day moving average is $17.68.

Hedge Funds Weigh In On Cadeler A/S

Several hedge funds have recently added to or reduced their stakes in CDLR. Norges Bank purchased a new position in Cadeler A/S in the fourth quarter valued at approximately $15,681,000. Dimensional Fund Advisors LP purchased a new position in Cadeler A/S in the fourth quarter valued at approximately $13,907,000. Condire Management LP purchased a new position in Cadeler A/S in the fourth quarter valued at approximately $11,489,000. Goldman Sachs Group Inc. purchased a new position in shares of Cadeler A/S during the fourth quarter worth approximately $9,588,000. Finally, Segantii Capital Management Ltd purchased a new position in shares of Cadeler A/S during the fourth quarter worth approximately $9,241,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

Cadeler A/S Company Profile

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. The company also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry, as well as operates offshore marine and engineering. It owns and operates two offshore jack-up windfarm installation vessels.