Cadeler Stock Price, News & Analysis

Cadeler (CDLR) announced delivery of Wind Mover, its tenth wind turbine installation vessel (WTIV), delivered ahead of schedule and within budget on November 28, 2025. Wind Mover is the second M-class vessel and will begin operations in Europe immediately after mobilisation.

The vessel was built at Hanwha Ocean Shipyard, features a 2,600-tonne main crane, DP2 positioning and is rated for water depths up to 65 metres. Cadeler doubled its fleet from five to ten WTIVs in 12 months and expects a 12-vessel fleet by mid-2027.

Cadeler (NASDAQ:CDLR) reported strong Q3 2025 results and reaffirmed full-year guidance on 20 November 2025. Revenue for the first nine months rose to EUR 453 million, up 178% year-over-year; EBITDA reached EUR 322 million and net profit totaled EUR 232 million for the period. Fleet size grew from five to nine vessels and combined utilisation rose to 75.8% from 61.4%.

Commercial momentum includes new contracts (up to EUR 58 million and ~EUR 500 million) and a total order backlog of EUR 2,887 million as of 20 November 2025. Net cash from operations was EUR 286 million; investing cash outflow was EUR 931 million reflecting three newbuild WTIV deliveries; financing cash inflow was EUR 805 million, including a EUR 125 million green term loan. Full-year 2025 revenue guidance is EUR 588–628 million and EBITDA guidance is EUR 381–421 million.

Cadeler (CDLR) signed two firm contracts for full-scope transportation and installation of offshore wind foundations and turbines with a combined value projected at approximately EUR 500 million.

The foundation T&I campaign is scheduled to start in early 2029 using a newbuild A-class vessel; the turbine installation will begin in early 2030 using an O-class jack-up vessel and is expected to complete by late 2030. These are the company’s third full-scope foundation T&I campaign, and the contracts are subject to the client’s investment decision and possible termination with a termination fee if the client is unsuccessful.

Cadeler (CDLR) opened a new UK office in Norwich to support its expanding offshore wind installation and services work in the UK and Europe. The UK team relocated from Great Yarmouth to a larger, modern workspace designed for engineering, project management and commercial teams, with flexible collaboration areas and Scandinavian design.

The office is intended as a regional hub to connect global expertise with local talent, provide room to grow, and reinforce Cadeler’s commitment to the UK offshore wind sector. An inauguration event was held on 4 November 2025.

Cadeler (CDLR) has successfully taken delivery of Wind Ally, its first A-class vessel, ahead of schedule and on budget. The vessel will be immediately deployed to install foundations at Ørsted's Hornsea 3 offshore wind farm, marking Cadeler's strategic expansion into full-service foundation installation.

Wind Ally features impressive specifications including 5,600 m² deck space, 18,000+ tons payload, and a main crane capable of lifting 3,300+ tonnes. The vessel can transport up to six XXL monopile foundations per load and accommodate 130 crew members.

This delivery is part of Cadeler's fleet expansion strategy, with sister vessels Wind Ace and Wind Apex scheduled for delivery in 2026 and 2027, respectively. By mid-2027, Cadeler will operate the industry's largest fleet with 12 vessels.

Cadeler (CDLR) has secured a firm contract with Ocean Winds for the installation of 26 Siemens Gamesa 14MW wind turbines at the BC-Wind offshore wind farm in Poland. The project, located 23 km from the Polish coastline, will have a total capacity of 390 MW, powering approximately 500,000 Polish households.

The installation is scheduled to begin in 2028 and will span approximately 4 months, utilizing one of Cadeler's O-class vessels operating from the Port of Gdańsk. This contract strengthens Cadeler's significant presence in Poland's offshore wind market, adding to their portfolio of projects including Baltic Power, Baltica 2, and Bałtyk 2 and 3 wind farms.

Cadeler (CDLR), a leading offshore wind transportation and installation company, has opened a new expanded office in Xinyi, Taipei, strengthening its presence in the Asia-Pacific region. The company, following its 2023 merger with Seajacks/Eneti, has established a strong foothold in Taiwan's offshore wind market.

Currently, Cadeler has two vessels operating in Taiwanese waters: Wind Maker installing 14 MW turbines at Ørsted's Greater Changhua project and Wind Zaratan working under a Vestas service agreement. The company has secured projects through 2028, including installations at Fengmiao 1 and Formosa 4 Offshore Wind Farm.

Cadeler (NYSE:CDLR), a global offshore wind installation leader, reported exceptional H1 2025 financial results with revenue tripling to EUR 299 million, up 265% year-over-year. EBITDA surged to EUR 213 million, with profit reaching EUR 168 million.

The company expanded its fleet with two new Wind Turbine Installation Vessels (WTIVs) and acquired Wind Keeper for O&M operations. Cadeler launched Nexra, a new aftermarket division for operations and maintenance solutions, strengthening its service portfolio. The company maintains a robust EUR 2.5 billion contract backlog and reaffirmed its full-year 2025 guidance with revenue expected between EUR 588-628 million and EBITDA between EUR 381-421 million.

Cadeler (NYSE:CDLR) has taken early delivery of its new vessel Wind Keeper and secured a significant long-term contract with Vestas. The contract includes a firm three-year period worth EUR 210 million, with additional options potentially increasing the value to over EUR 380 million if exercised.

The Wind Keeper, Cadeler's eighth vessel, will undergo upgrades before beginning operations in Q1 2026. The vessel will be equipped to handle Vestas V236-15.0 MW turbines and will serve dual purposes: operations and maintenance (O&M) and transport and installation (T&I) tasks. The vessel features a 2,200-tonne lifting capacity Huisman crane and 120-meter jack-up legs for deep-water operations.