The wind turbine manufacturer Nordex is experiencing a notable upward trend in market performance, with shares climbing 2.7% to reach €11.36 on XETRA. This positive momentum comes as the company demonstrates significant improvement in its financial health, transitioning from a loss of €0.15 per share in the previous year to achieving a modest profit of €0.02 per share in the latest quarter. Despite a slight dip in revenue to €1.67 billion, Analysts maintain an optimistic outlook, setting an average price target of €18.13, suggesting a substantial upside potential of nearly 39% from current levels.
Market Position and Growth
With a market capitalization of €2.6 billion and 236.5 million outstanding shares, Nordex continues to strengthen its position in the renewable energy sector. The company’s recent success in securing a 56-megawatt wind park contract in Greece from wind park developer Alterric further solidifies its market presence. The stock has demonstrated resilience over the past year, posting a positive return of 9.35%, reflecting growing investor confidence in the company’s strategic direction and operational execution.
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Nordex Stock: New Analysis – 20 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 is experiencing a notable upward trend in market performance, with shares climbing 2.7% to reach €11.36 on XETRA. This positive momentum comes as the company demonstrates significant improvement in its financial health, transitioning from a loss of €0.15 per share in the previous year to achieving a modest profit of €0.02 per share in the latest quarter. Despite a slight dip in revenue to €1.67 billion, Analysts maintain an optimistic outlook, setting an average price target of €18.13, suggesting a substantial upside potential of nearly 39% from current levels.
Market Position and Growth
With a market capitalization of €2.6 billion and 236.5 million outstanding shares, Nordex continues to strengthen its position in the renewable energy sector. The company’s recent success in securing a 56-megawatt wind park contract in Greece from wind park developer Alterric further solidifies its market presence. The stock has demonstrated resilience over the past year, posting a positive return of 9.35%, reflecting growing investor confidence in the company’s strategic direction and operational execution.
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Fresh Nordex information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.