Cadeler A/S Sponsored ADR ( (CDLR) ) has provided an update.
On February 28, 2025, Cadeler A/S announced a firm contract for deploying its newbuild vessel, Wind Pace, at an offshore wind farm in the US, marking its second project in American waters. The contract, valued between EUR 67 million and EUR 75 million, will see the Wind Pace commence operations in Q2 2025 and remain committed until Q1 2026, highlighting Cadeler’s expanding footprint in the US offshore wind market.
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 environmental sustainability. The company operates the largest fleet of jack-up offshore wind installation vessels and has been a significant contributor to the development of offshore wind energy for over a decade. Cadeler is listed on the New York Stock Exchange and the Oslo Stock Exchange.
YTD Price Performance: -24.01%
Average Trading Volume: 35,213
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.57B
For detailed information about CDLR stock, go to TipRanks’ Stock Analysis page.