#6 - Vestas Wind Systems (OTCMKTS:VWDRY)
Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a contrarian play for investors looking for growth stocks trading for less than $10. The Danish company designs, manufactures, installs, and services wind turbines in the United States, Denmark, and other countries.
VWDRY stock has been dropping since October 2024, largely due to expectations of less demand for wind systems in the Trump administration. However, the company’s most recent earnings report noted a record-high order backlog, which it expects to drive increased revenue in 2025. There is some risk that could change. However, there’s an equally strong chance that lower regulatory barriers would increase demand for power projects of all types, especially those in the United States.
Investors should note that, unlike many companies in this category, Vestas is a large-cap company covered by over two dozen analysts. They have a consensus price target of $40.50 on VWDRY stock, a whopping increase of over 800%.
About Vestas Wind Systems A/S
Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.
More- Current Price
- $4.51
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
