$CDLR

The RENIXX World index, tracking renewable energy stocks, hit a new annual low but recovered slightly. Samsung SDI and SMA Solar were added to the index, gaining 7.8% and 6.4% respectively. The index closed at 1,173.18 points, down 0.8% weekly but up 3.8% year-to-date. XPeng and Cadeler were among the worst performers, while Nordex and BYD reported mixed news.

Jan De Nul ordered a second trenching vessel for subsea cables, expanding its fleet to 14. Cadeler and Vattenfall partnered to improve offshore wind maintenance. Indexed German offshore wind CfDs could cut project costs by €4.4B. Georgia Power and Google agreed to invest in nuclear energy, benefiting customers by $900M.

Cadeler (CDLR) reported H1 2026 revenue of EUR 408 million, up from EUR 299 million YoY, and EBITDA of EUR 208 million, down from EUR 213 million YoY due to a non-recurring fee. Net profit was EUR 88 million, down from EUR 168 million. Q2 revenue grew 432% YoY to EUR 282.8 million, with EBITDA up 106% to EUR 160.6 million. The company has a EUR 2.5 billion contract backlog and expects full-year revenue of EUR 854-944 million. Management highlighted fleet expansion, the Menck acquisition, and mar

Cadeler A/S (CDLR) shares rose 7% after reporting H1 2026 revenue growth to 407.5M euros, up from 298.5M euros in 2025. The stock traded at $25.72, up 7.27%, with a 52-week range of $15.37-$30.01.

Cadeler reported Q2 vessel operating expenses of EUR 39,871 per day and completed the EUR 500M acquisition of Menck, financed with a EUR 380M bridge facility. The company's backlog grew 23% to EUR 2.5B. Cadeler maintained its 2026 revenue guidance of EUR 854M-944M and EBITDA of EUR 420M-510M, excluding Menck's impact. The company is expanding its fleet and operations, with new vessels scheduled for delivery in 2027, 2030, and 2031.

Cadeler reported H1 2026 results with revenue up 119% to €408M and EBITDA up 104% to €208M vs. H1 2025, excluding one-off fees. Fleet expansion and higher contracted days drove growth. Full-year guidance remains unchanged. The company acquired Menck in August 2026, impacting 2026 outlook. Order backlog stands at nearly €2.5B.

Cadeler reported H1 revenue of EUR 408M, up over 100% YoY, and net income of EUR 88M, up 54% YoY. The growth was driven by fleet expansion and increased contracted days. The company's order backlog is nearly EUR 2.5B. Cadeler maintained its 2026 revenue guidance of EUR 854M-EUR 944M and EBITDA guidance of EUR 420M-EUR 510M, with a review of the Menck acquisition's impact pending.

Cadeler A/S says it has completed the final turbine installation at the 960 MW He Dreiht offshore wind farm in Germany’s North Sea. The project uses 64 Vestas V236-15.0 MW turbines, with Wind Keeper installing the final scope under a long-term Cadeler-Vestas contract. Cadeler’s vessels Wind Orca and Wind Keeper supported the campaign; He Dreiht is developed by EnBW.

Cadeler completed its acquisition of German offshore foundations specialist Menck from Acteon in a deal valued at €501m ($578m). Cadeler financed it with existing liquidity and a €380m facility from DNB Bank and Rabobank. Menck will remain standalone and supply fixed-bottom foundation equipment. Cadeler will review 2026 revenue and EBITDA guidance impact.

Cadeler A/S (NYSE:CLDR) shares fell after the company announced it will acquire Menck, a specialist offshore foundation equipment and technology provider. Cadeler said the deal is valued at EUR 501 million and was signed and closed simultaneously after regulatory approvals. It plans to keep Menck as a standalone business to expand integrated offshore wind installation capabilities.