Struggling wind turbine manufacturer Nordex sees an upturn in fortunes with shares rebounding.
Raw Power, Big Wins: Nordex Keeps Soaring with German and Turkish Orders
Nordex, the German wind turbine maestro, has scored massive victories with striking deals in Germany and Turkey. This news has brought a wave of excitement to the stock market, with the company's shares jumping and their upward trajectory continuing. The latest surge even triggered a new buy signal!
A major breakthrough comes from Germany, where Nordex sealed a colossal contract with solar park developer UKA (Umweltgerechte Kraftanlagen GmbH & Co. KG). This astounding order totals over 435 megawatts and involves 64 wind turbines of various models. Turbines such as the N175/6.X and N163/6.X will be spread across 15 wind farms in different German states, with delivery happening between 2026 and 2027. A 20-year maintenance contract has also been signed. As always, the financial specifics of the deal remain tight-lipped.
Overseas triumphs aren't far behind. In Turkey, Nordex landed the contract for a wind farm owned by a subsidiary of long-standing client Efor. The plan is to dispatch 23 wind energy units of the N163/6.X type, boasting a total capacity of 160 megawatts. The installation sites are set in the highlands of the Kangal district within Sivas Province, with turbine heights ranging between 1,850 and 1,990 meters above sea level. Installation and commissioning are scheduled for the spring of 2026.
The Dynamic Stock Chart: Nordex (WKN: A0D655)
Following a multi-year peak of 18.56 euros at the start of June, the share price slumped to 16.36 euros. However, the recent news has significantly revitalized the graph, and it's within reach to hit the yearly maximum of 18.46 euros once more.
The looming reduction of tax incentives for renewable energy took its toll on Nordex shares for a while (as reported by DER AKTIONÄR). The stock is now on its way back up, but the market remains volatile. The impending challenge is to smash the year's high and breach the 20-euro mark.
To put things into perspective, here are some insights:- The order from the UKA Group increases their total orders over the past 18 months to 226 turbines, adding over 1.5 GW of capacity in Germany.- In France, Nordex recently secured contracts to supply and install wind turbines totaling 64.7 MW, with commencement in mid-2026 and service agreements for long-term turbine performance.
In summary, Nordex SE is persistently expanding its influence with large-scale orders in Germany and Turkey. The latest wins demonstrate Nordex's robust market position, growth potential, and unceasing dedication to ensuring long-term customer service. The company's shares continue to soar high, its future glowing as brightly as the wind turbines it powers.
Investors watch with anticipation as the surge in orders for Nordex, particularly from the UKA Group in Germany and a subsidiary of long-standing client Efor in Turkey, fuels the upward trend of the company's shares in the stock market. With the latest wins, Nordex's financial prospects appear to remain robust and poised for continued growth.
