Nordex

Nordex reports several large orders in August and September, including a 525-megawatt project in Turkey and orders totaling 480 megawatts in the US, stabilizing its order book. Operational business focuses on modular onshore turbines that enable competitive margins. Group management prioritizes profitability and relies on a robust net liquidity of around €1.67 billion. » More on finanzen.net

Nordex rose about 9.96% after an upgrade by Bank of America, which highlighted the strong Germany business, recent US orders and a stable supply chain. Overall, the German stock market started weaker: the DAX fell 0.15% to 26,007 points, while the technology sector gained strongly thanks to robust semiconductor stocks. German industrial production unexpectedly fell 1.1% month-on-month, and Brent crude was trading at $97.61. » More on finanzen.net

Nordex shares climb more than ten percent after positive results, strong incoming orders and an upgrade by Bank of America. At mid‑year, orders amounted to a value of €11.6 billion and an installed capacity of 3.1 gigawatts. In the most recent quarter, EBITDA doubled to €224 million and the EBITDA margin rose to 10.3 percent. The company confirms its full‑year guidance with revenues of €8.2–9.0 billion and an expected margin of 8–11 percent; it is targeting 10–12 percent in the medium term. » More on n-tv.de