Latest news with #Cadeler
Yahoo
18-07-2025
- Business
- Yahoo
Cadeler takes delivery of Wind Keeper and locks down first three years of utilisation with the signing of a long-term firm contract
COPENHAGEN, Denmark, July 18, 2025--(BUSINESS WIRE)--Cadeler has taken delivery of its latest acquisition, the vessel Wind Keeper, ahead of schedule. The newest addition to the fleet has today landed her first long-term firm contract with Vestas, for a three-year period commencing early in 2026. Cadeler announced its agreement to purchase the newly constructed jack-up vessel, the Wind Keeper, last month and the vessel has now officially been delivered to the company. She becomes the eighth vessel in Cadeler's growing fleet, further strengthening the company's capacity to install and maintain large-scale offshore wind projects. In conjunction with the Wind Keeper's delivery, Cadeler has also signed a significant long-term contract with Vestas. The contract contemplates a firm period of three years with additional options of two and a half years in aggregate. The firm value of the contract to Cadeler is approximately EUR 210m; if all options are exercised, the contract is expected to be worth in excess of EUR 380m. Wind Keeper will serve as a versatile service vessel, supporting both operations and maintenance (O&M) as well as transport and installation (T&I) tasks for Vestas across current and future offshore wind projects. Wind Keeper departed China on route to Europe earlier in July, where, ahead of contract commencement in Q1 2026, she will undergo tailored upgrades to enhance her operational capacity and align her onboard capabilities with the rest of Cadeler's fleet. She will be equipped with seafastening for three sets of the Vestas V236-15.0 MW turbines and will be upgraded to support installations in the growing 15 MW segment. Mikkel Gleerup, CEO of Cadeler, comments: "This first contract for Wind Keeper is exactly why we made the strategic decision to acquire her. We see increasing demand in Europe for flexible, high-performance vessels that can support both O&M and installation scopes, and she fits that profile perfectly. After a series of upgrades to enhance her capabilities, Wind Keeper will be ready to support our trusted partners from 2026. We're proud to see our vision come to life and grateful to Vestas for the trust they've placed in us." "Wind Keeper brings immediate value to Cadeler's fleet. Her dual capability across installation and service scopes makes her a key asset as we support the construction and long-term maintenance of offshore wind farms in the years ahead," Mikkel Gleerup added. A Keeper, built for next-generation offshore windCadeler announced the acquisition of Bo Qiang 3060 last month from Shanghai Boqiang Heavy Industry Group Co. The acquisition was completed at a price significantly below her estimated replacement cost and is fully debt-financed on favourable terms through DNB Bank ASA. Constructed in 2024 and equipped with advanced European systems, including a Huisman main crane with a 2,200-tonne lifting capacity, Kongsberg's DP2 dynamic positioning, MAN engines, and Siemens propulsion, the vessel is uniquely designed for the demanding global O&M market. Her 120-meter jack-up legs will allow her to operate efficiently even in deep and harsh offshore conditions. Cadeler will rename the vessel to Wind Keeper, a name that reflects both her enduring value and her core role in safeguarding offshore wind production. As a rare and strategic addition to the fleet, she is built to ensure the upkeep of renewable energy infrastructure and contribute to the resilience and reliability of the offshore wind sector. Wind Keeper becomes the eighth vessel in Cadeler's growing fleet of jack-up vessels, with another four currently under construction with upcoming deliveries. About Cadeler A/S: Cadeler is a global leader in offshore wind installation, operations, and maintenance services. Cadeler is a pure play company, operating solely in the offshore wind industry with an uncompromising focus on safety and the environment. Cadeler owns and operates the industry's largest fleet of jack-up offshore wind installation vessels and has for more than 10 years been a key supplier in the development of offshore wind energy to power millions of households. Cadeler's fleet, expertise and capacity to handle the largest and most complex next-generation offshore wind installation projects positions the company to deliver exceptional services to the industry. Cadeler is committed to being at the forefront of sustainable wind farm installation and to enabling the global energy transition towards a future built on renewable energy. Cadeler is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). For more information, please visit View source version on Contacts Cadeler Press Officepress@ Mikkel GleerupCEO, Cadeler+45 3246 Alexander SimmondsEVP & CLO, Cadeler+44 7376 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
18-07-2025
- Business
- Business Wire
Cadeler takes delivery of Wind Keeper and locks down first three years of utilisation with the signing of a long-term firm contract
COPENHAGEN, Denmark--(BUSINESS WIRE)-- Cadeler has taken delivery of its latest acquisition, the vessel Wind Keeper, ahead of schedule. The newest addition to the fleet has today landed her first long-term firm contract with Vestas, for a three-year period commencing early in 2026. Cadeler announced its agreement to purchase the newly constructed jack-up vessel, the Wind Keeper, last month and the vessel has now officially been delivered to the company. She becomes the eighth vessel in Cadeler's growing fleet, further strengthening the company's capacity to install and maintain large-scale offshore wind projects. In conjunction with the Wind Keeper's delivery, Cadeler has also signed a significant long-term contract with Vestas. The contract contemplates a firm period of three years with additional options of two and a half years in aggregate. The firm value of the contract to Cadeler is approximately EUR 210m; if all options are exercised, the contract is expected to be worth in excess of EUR 380m. Wind Keeper will serve as a versatile service vessel, supporting both operations and maintenance (O&M) as well as transport and installation (T&I) tasks for Vestas across current and future offshore wind projects. Wind Keeper departed China on route to Europe earlier in July, where, ahead of contract commencement in Q1 2026, she will undergo tailored upgrades to enhance her operational capacity and align her onboard capabilities with the rest of Cadeler's fleet. She will be equipped with seafastening for three sets of the Vestas V236-15.0 MW turbines and will be upgraded to support installations in the growing 15 MW segment. Mikkel Gleerup, CEO of Cadeler, comments: 'This first contract for Wind Keeper is exactly why we made the strategic decision to acquire her. We see increasing demand in Europe for flexible, high-performance vessels that can support both O&M and installation scopes, and she fits that profile perfectly. After a series of upgrades to enhance her capabilities, Wind Keeper will be ready to support our trusted partners from 2026. We're proud to see our vision come to life and grateful to Vestas for the trust they've placed in us.' 'Wind Keeper brings immediate value to Cadeler's fleet. Her dual capability across installation and service scopes makes her a key asset as we support the construction and long-term maintenance of offshore wind farms in the years ahead,' Mikkel Gleerup added. A Keeper, built for next-generation offshore wind Cadeler announced the acquisition of Bo Qiang 3060 last month from Shanghai Boqiang Heavy Industry Group Co. The acquisition was completed at a price significantly below her estimated replacement cost and is fully debt-financed on favourable terms through DNB Bank ASA. Constructed in 2024 and equipped with advanced European systems, including a Huisman main crane with a 2,200-tonne lifting capacity, Kongsberg's DP2 dynamic positioning, MAN engines, and Siemens propulsion, the vessel is uniquely designed for the demanding global O&M market. Her 120-meter jack-up legs will allow her to operate efficiently even in deep and harsh offshore conditions. Cadeler will rename the vessel to Wind Keeper, a name that reflects both her enduring value and her core role in safeguarding offshore wind production. As a rare and strategic addition to the fleet, she is built to ensure the upkeep of renewable energy infrastructure and contribute to the resilience and reliability of the offshore wind sector. Wind Keeper becomes the eighth vessel in Cadeler's growing fleet of jack-up vessels, with another four currently under construction with upcoming deliveries. About Cadeler A/S: Cadeler is a global leader in offshore wind installation, operations, and maintenance services. Cadeler is a pure play company, operating solely in the offshore wind industry with an uncompromising focus on safety and the environment. Cadeler owns and operates the industry's largest fleet of jack-up offshore wind installation vessels and has for more than 10 years been a key supplier in the development of offshore wind energy to power millions of households. Cadeler's fleet, expertise and capacity to handle the largest and most complex next-generation offshore wind installation projects positions the company to deliver exceptional services to the industry. Cadeler is committed to being at the forefront of sustainable wind farm installation and to enabling the global energy transition towards a future built on renewable energy. Cadeler is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). For more information, please visit
Yahoo
10-07-2025
- Business
- Yahoo
Cadeler (CDLR): A Bull Case Theory
We came across a bullish thesis on Cadeler on TopSecretStocks's Substack by topsecretstocks. As of 1st July, Cadeler's share was trading at $20.84. CDLR's trailing P/E was 17.08 according to Yahoo Finance. Cadeler, a Danish company specializing in offshore wind turbine installation, operation, and maintenance, has been added to the portfolio. The company operates in two primary business areas: offshore wind turbine installation and foundation installation, with a strong focus on Europe, Asia, and the USA. With a pure-play approach in the offshore wind sector, Cadeler benefits from record orders and full order books extending into the 2030s. The company's recent operational highlights include fleet expansion through the integration of Eneti, with vessels Wind Scylla and Wind Zaratan added to the fleet, and significant project completions such as Moray West in Scotland and Yunlin in Taiwan. Cadeler's financial performance in 2024 was strong, with revenue of €248 million, EBITDA of €126 million, and net profit of €65 million. The company forecasts further growth in 2025, with expected revenue between €485 million and €525 million, and EBITDA between €278 million and €318 million. This growth is driven by a record-high order backlog of €2.5 billion and strategic contracts secured for projects like East Anglia Two and Inch Cape Offshore Ltd. Despite potential risks such as operational delays and market dynamics, Cadeler's valuation appears significantly undervalued based on a DCF model, with a calculated intrinsic value of approximately €20.08, indicating a potential upside of over 350% by 2030. The company's strong growth prospects, with revenue and EBITDA doubling in 2025, and a forecast EBITDA margin of 59% in 2025, expected to increase to 70% by 2027, make it an attractive investment opportunity. With a strategic fleet expansion and a solid order backlog, Cadeler is well-positioned for further growth in the offshore wind installation sector. The potential upside and growth prospects position Cadeler as a compelling investment, making it a buy in the current market. Previously we covered a on Exponent, Inc. by FluentInQuality in June 2025, which highlighted the company's intellectual-capital-driven model, non-cyclical business, and premium margins built on trust and technical expertise. The company's stock price has remained relatively flat since our coverage. This is because the thesis is long-term in nature and not tied to short-term catalysts. Topsecretstocks shares a contrarian view but emphasizes Cadeler's capital-intensive growth model and operational leverage in a booming offshore wind market. CDLR isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of CDLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Cadeler Acquires 'Wind Keeper' Jack-Up Vessel for Offshore Wind O&M Capacity
On Thursday, Cadeler (NYSE:CDLR) announced its acquisition of the Boqiang 3060, which is a newly constructed jack-up wind turbine installation vessel/WTIV from Shanghai Boqiang Heavy Industry Group Co. Ltd. This expansion aims to meet the global demand for offshore wind turbine O&M services. The vessel, to be renamed Wind Keeper, symbolizes its role in ensuring the upkeep of green energy generation. Completed in 2024, it is equipped with advanced European technology, which includes a Huisman main crane with a 2,200 t lifting capacity, Kongsberg's DP2 dynamic positioning system, MAN-supplied engines, and a Siemens propulsion system. Its 120-meter-long jack-up legs make it uniquely suited for challenging offshore sites. Cadeler (NYSE:CDLR) anticipates taking delivery of the Wind Keeper in FQ3 2025. The purchase price is below the vessel's estimated replacement cost. Cadeler plans to invest in upgrades to enhance its operational capacity and align it with its existing fleet. After these upgrades, the vessel will be capable of supporting new installations in the 15 MW segment. The total investment cost for these upgrades will be communicated later. The company is currently assessing the positive impact of the Wind Keeper's delivery on its 2025 revenue and EBITDA guidance. Cadeler engages in offshore wind farm installation, operations, and maintenance services in Denmark. While we acknowledge the potential of CDLR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDLR and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Cadeler Acquires 'Wind Keeper' Jack-Up Vessel for Offshore Wind O&M Capacity
On Thursday, Cadeler (NYSE:CDLR) announced its acquisition of the Boqiang 3060, which is a newly constructed jack-up wind turbine installation vessel/WTIV from Shanghai Boqiang Heavy Industry Group Co. Ltd. This expansion aims to meet the global demand for offshore wind turbine O&M services. The vessel, to be renamed Wind Keeper, symbolizes its role in ensuring the upkeep of green energy generation. Completed in 2024, it is equipped with advanced European technology, which includes a Huisman main crane with a 2,200 t lifting capacity, Kongsberg's DP2 dynamic positioning system, MAN-supplied engines, and a Siemens propulsion system. Its 120-meter-long jack-up legs make it uniquely suited for challenging offshore sites. Cadeler (NYSE:CDLR) anticipates taking delivery of the Wind Keeper in FQ3 2025. The purchase price is below the vessel's estimated replacement cost. Cadeler plans to invest in upgrades to enhance its operational capacity and align it with its existing fleet. After these upgrades, the vessel will be capable of supporting new installations in the 15 MW segment. The total investment cost for these upgrades will be communicated later. The company is currently assessing the positive impact of the Wind Keeper's delivery on its 2025 revenue and EBITDA guidance. Cadeler engages in offshore wind farm installation, operations, and maintenance services in Denmark. While we acknowledge the potential of CDLR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDLR and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
