Nordex (NRDXF) to Post Earnings on Wednesday

Nordex (OTCMKTS:NRDXF) is projected to release its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.4894 per share and revenue of $2.4077 billion for the quarter.

Nordex Stock Performance

Shares of OTCMKTS:NRDXF opened at $50.60 on Wednesday. Nordex has a 12 month low of $20.00 and a 12 month high of $56.80. The company’s fifty day simple moving average is $49.95 and its 200 day simple moving average is $47.84.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NRDXF shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordex in a report on Tuesday, April 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research report on Thursday, July 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of Nordex in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock 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.