Copenhagen, Jan 27, 2026, 21:07 CET — Market closed
- Cadeler shares climbed 5.4% in Oslo, pushing higher after a strong two-day rally
- U.S.-listed CDLR jumped roughly 9%, reaching its highest level in a year
- Shares in offshore wind supply-chain companies jumped following a 100-GW commitment for the North Sea
Cadeler A/S shares ended Tuesday’s session in Oslo 5.4% higher, closing at 58.10 Norwegian crowns. Trading volume picked up compared to recent days, driven by a widespread rally in wind-related stocks. Year-to-date, the stock has gained roughly 21%. 1
This move is crucial as policymakers aim to secure a more reliable pipeline for offshore wind—exactly the kind of clarity vessel owners and contractors need to keep crews and specialized ships busy. WindEurope noted that governments signing the North Sea “Investment Pact” have committed to a coordinated buildout and steps to reduce investment risks. The industry, in turn, has promised cost reductions and increased spending throughout the value chain, including vessels. 2
Cadeler’s U.S.-listed shares climbed roughly 8.6% to nearly $24.36 in New York, reaching $24.43—a one-year peak—during afternoon trades. The ADR has surged about 14% in the last five sessions, serving as a quick barometer for offshore wind sentiment. 3
At the North Sea Summit in Hamburg, European countries committed to delivering 100 gigawatts (GW) of offshore wind power, aiming to boost generation capacity as they counter political pushback on green energy and prioritize energy security. Britain’s energy minister Ed Miliband said, “We are standing up for our national interest by driving for clean energy.” Meanwhile, Germany’s economy minister Katherina Reiche emphasized that cross-border planning aims to produce “clean and affordable energy.” 4
Cross-border wiring and joint planning go beyond politics; they can boost power efficiency and reduce waste, though the rollout is complicated. “When it is windy in Germany, it isn’t in Britain… when it is windy in Denmark, it isn’t in France,” said Jordan May, senior analyst at consultancy TGS 4C, highlighting how better coordination can smooth out supply fluctuations. 5
Cadeler, based in Copenhagen, handles installation and marine work for offshore wind projects. It’s listed on the Oslo Stock Exchange under CADLR and also on the New York Stock Exchange as CDLR, according to its investor relations site. The company debuted on Oslo in 2020 and expanded to New York late last year. 6
The Oslo OBX index gained 0.35% in Norway, buoyed by a stronger market tone. Cadeler was a notable top performer on the day. 7
Traders will be eyeing the next session for signs that the policy pledge leads to clearer auction schedules, grid commitments, and permitting timelines — the nitty-gritty that turns targets into signed contracts. Offshore wind now reacts quickly to any signal of steadier project flow.
But the pledge doesn’t guarantee a steady pipeline. Financing costs, supply-chain snags, and permitting delays can all push projects back. Meanwhile, vessel owners risk being stuck with excess capacity if developers hit pause or try to renegotiate contracts.
Cadeler’s next key date is its 2025 annual report presentation on March 24. The annual general meeting is set for April 21, with the first-quarter 2026 earnings presentation following on May 20. 8
