The wind turbine manufacturer Nordex experienced a notable upswing in trading, with shares climbing 2.2 percent to reach €11.75 on XETRA. This positive momentum represents a significant recovery from the company’s 52-week low of €8.62, with current trading levels approximately 35 percent above that nadir. The Hamburg-based company, now commanding a market capitalization of €2.7 billion, has demonstrated remarkable resilience in its long-term performance, achieving a yearly gain of 13.78 percent despite experiencing a monthly decline of 4.06 percent. Analysts maintain an optimistic stance on the stock’s potential, setting an average price target of €18.13.
Financial Results Show Recovery Signs
Nordex’s latest quarterly results paint a nuanced picture of the company’s financial health. While revenue slightly decreased by 3.07 percent to €1.67 billion compared to the previous year’s quarter, the company achieved a significant improvement in earnings per share, posting €0.02 compared to the previous year’s loss of €0.15. Looking ahead, market experts project earnings per share to reach €0.049 for the full fiscal year 2024, suggesting continued financial stabilization.
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Nordex Stock: New Analysis – 10 December
Fresh Nordex information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.
Read our updated Nordex analysis…
The wind turbine manufacturer Nordex experienced a notable upswing in trading, with shares climbing 2.2 percent to reach €11.75 on XETRA. This positive momentum represents a significant recovery from the company’s 52-week low of €8.62, with current trading levels approximately 35 percent above that nadir. The Hamburg-based company, now commanding a market capitalization of €2.7 billion, has demonstrated remarkable resilience in its long-term performance, achieving a yearly gain of 13.78 percent despite experiencing a monthly decline of 4.06 percent. Analysts maintain an optimistic stance on the stock’s potential, setting an average price target of €18.13.
Financial Results Show Recovery Signs
Nordex’s latest quarterly results paint a nuanced picture of the company’s financial health. While revenue slightly decreased by 3.07 percent to €1.67 billion compared to the previous year’s quarter, the company achieved a significant improvement in earnings per share, posting €0.02 compared to the previous year’s loss of €0.15. Looking ahead, market experts project earnings per share to reach €0.049 for the full fiscal year 2024, suggesting continued financial stabilization.
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Fresh Nordex information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.