Nordex (NRDXF) Projected to Post Earnings on Thursday

Nordex (OTCMKTS:NRDXF) will likely be releasing its results before the market opens on Thursday, February 26th. Analysts expect Nordex to post earnings of $0.7820 per share and revenue of $2.5046 billion for the quarter.

Nordex Price Performance

NRDXF opened at $40.99 on Tuesday. The company has a fifty day moving average of $37.93 and a 200 day moving average of $30.58. Nordex has a fifty-two week low of $11.56 and a fifty-two week high of $40.99.

Analyst Upgrades and Downgrades

Several research analysts have commented on NRDXF shares. Santander downgraded shares of Nordex to a “neutral” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordex in a research report on Wednesday, October 29th. Royal Bank Of Canada restated an “underperform” rating on shares of Nordex in a report on Tuesday, November 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Nordex currently has a consensus rating of “Hold”.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.