Shares of Cadeler AS (CDLR), a global leader in offshore wind transportation and installation, surged 6.80% in Tuesday's pre-market trading following the release of impressive 2024 annual results and an optimistic outlook for 2025. The company's strong performance and future prospects have sparked investor enthusiasm in the renewable energy sector.

Cadeler reported a remarkable financial turnaround for 2024, with revenue more than doubling to €249 million from €109 million in the previous year. The company's EBITDA saw an even more dramatic increase, tripling to €126 million from €42 million in 2023. This substantial growth was attributed to high demand for Cadeler's services, successful integration of Eneti following their merger, and the addition of new vessels to the fleet.

Looking ahead, Cadeler provided an optimistic outlook for 2025, projecting revenue in the range of €485 million to €525 million and EBITDA between €278 million and €318 million. The company also reported a record-high order backlog of €2.5 billion as of the report date, up significantly from €1.7 billion at the end of 2023. This robust backlog, coupled with the company's strategic fleet expansion and upgrades, positions Cadeler well for continued growth in the coming years. The company's commitment to sustainability and its role in the global energy transition further solidifies its appeal to investors focused on renewable energy opportunities.