Goldman Sachs Cuts Cadeler A/S (CDLR) Stake by 98%

Cadeler A/S (NYSE:CDLR) is among the best low-priced growth stocks to buy now. In the first quarter, Goldman Sachs Group Inc. trimmed its stake in Cadeler A/S (NYSE:CDLR) by 98.1% through the offloading of 992,260 shares of the company’s stock. According to the recent disclosure with the SEC, the leading global bank now owns 19,166 shares, an investment worth $377,000.

Just recently, Cadeler A/S (NYSE:CDLR) reported its success in the first A-class vessel delivery, Wind Ally, which was executed on budget and ahead of schedule. This ninth vessel on the water in the company’s accelerating fleet of next-generation wind installation vessels (WIV) will enable it to become a full-service provider in the foundations market.

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For the first time, Cadeler A/S (NYSE:CDLR) will manage the transport and installation (T&I) scope completely for offshore monopile foundations. As stated by the CEO of Cadeler,

“With Wind Ally now delivered ahead of schedule and immediately deployed to this landmark project, we are taking a decisive step into a new chapter for Cadeler. Over the past year, we have built the needed capabilities to take on the full foundations scope.”

Cadeler A/S (NYSE:CDLR), based in Copenhagen, Denmark, is a company specializing in offshore wind farm installation, operations, and maintenance services. Founded in 2008, the company is committed to facilitating the global transition to sustainable energy.

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Disclosure: None.