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Cadeler A/S Sponsored ADR ( (CDLR) ) has provided an update.
On February 3, 2025, Cadeler announced the signing of two contracts with undisclosed clients for its newbuild wind installation vessel, Wind Mover, which is currently under construction in Korea and scheduled for delivery in Q4 2025. The contracts, valued at up to EUR 75 million, will cover operations and maintenance activities in Europe upon the vessel’s delivery. Wind Mover is part of Cadeler’s state-of-the-art M-class vessels designed to install next-generation offshore wind turbines, further strengthening Cadeler’s position in the renewable energy sector.
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. The company operates the largest fleet of jack-up offshore wind installation vessels and has been instrumental in developing offshore wind energy for over a decade. Cadeler is listed on both the New York Stock Exchange and the Oslo Stock Exchange.
YTD Price Performance: -8.89%
Average Trading Volume: 41,487
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.84B
Find detailed analytics on CDLR stock on TipRanks’ Stock Analysis page.
