Nordex

Nordex has received from Verbund the order to supply and install twelve N163/6.X turbines (84 MW) for the Spille wind farm in Albania; this includes a 15-year premium service contract. It is the MDAX group's first project in Albania and is intended to support the expansion of wind energy there. Barclays slightly raised its price target from €36 to €38, while the share reached a technical buy signal after strong quarterly figures. » Mere på deraktionaer.de

After strong quarterly results, Nordex looks robust and is aiming to break above the €42 mark despite a weak market environment. Profitability and margins have improved markedly, and the outlook remains positive. Jefferies sees a price target of €63, Metzler and Oddo BHF 48 and €44 respectively, meaning analysts still see substantial upside potential. » Mere på deraktionaer.de

Nordex almost tripled its net profit in the third quarter from about €52 million to €147 million, revenue rose 28% to €2.2 billion, and EBITDA climbed to €278.2 million with a margin of 12.7%. The order backlog grew to €19.3 billion. The company raised its full-year EBITDA margin forecast to 11.5–12.5% and highlighted the expansion of its global presence. Jefferies reiterated its buy rating with a €63.00 price target; the stock rose after the figures and broke above the 200-day moving average. » Mere på deraktionaer.de

Wind turbine manufacturer Nordex recorded orders of 2,810 MW in the third quarter (+29.5% y/y) and reached an order intake of 7,733 MW (+16.1%) after nine months. The largest markets were Turkey and the US, while the average selling price per MW fell from €0.97 million to €0.90 million. With the upcoming quarterly report, Nordex must show that the full project pipeline can also be executed profitably. » Mere på finanzen.net

Nordex reports project orders of 2,810 MW in the third quarter, up 29.5% year-on-year, and reaches 7,733 MW of order intake after nine months. The largest market was Turkey with more than 900 MW; in the US orders since the start of the year total over 1.3 GW. Despite falling average selling prices, Nordex stresses stable market conditions and must show in the upcoming quarterly report that the full pipeline can also be executed profitably. » Mere på finanzen.net