Goldman Sachs Slashes Cadeler Stake to 19,166 Shares

Overview

• An SEC disclosure shows Goldman Sachs cut its Cadeler holding by 98.1% in Q1, selling 992,260 shares and retaining 19,166 shares valued at about $377,000.
• Cadeler recently reported the delivery of its first A-class vessel, Wind Ally, on budget and ahead of schedule, enabling it to take on full transport and installation work for monopile foundations.
• CEO Mikkel Gleerup said the Wind Ally deployment marks a step into a new chapter as the company builds capabilities to handle the complete foundations scope.
• Coverage summarizing a bullish thesis reports that, following the Eneti merger, Cadeler operates a leading installation fleet with long-dated contracts and a cited order book of roughly €2.5 billion.
• The same bullish analysis cites 2024 revenue of €249 million, EBITDA margins near 50%, plans for 10 vessels by 2026, and notes hedge fund ownership at six portfolios in Q2, while editors suggest some AI stocks could offer greater near-term upside.