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Nordex SE is undergoing a leadership restructuring, with Chief Sales Officer Patxi Landa moving to lead Nordex Capital and CEO José Luis Blanco taking on additional sales responsibilities. Despite a record number of orders, the company's stock has faced significant volatility, recently dropping to €10.93 amid mixed financial results and market reactions to regulatory changes. Analysts remain divided, with Goldman Sachs lowering its target to €20.10 while Jefferies maintains a "Buy" rating with a target of €18.
The new US administration under Donald Trump is expected to slow the growth of onshore wind power capacities significantly from the second half of 2027, according to analyst Alberto Gandolfi. Meanwhile, Nordex SE, a wind turbine manufacturer, has seen mixed stock performance, with shares recently dropping 5.3% despite a record number of orders last year. Analysts maintain a "Buy" rating for Nordex, with target prices ranging from €18 to €20.10, amid ongoing market volatility and leadership changes within the company.
UBS Group AG has reduced its stake in Nordex SE, lowering its voting rights from 4.88% to 4.13%, amidst the company's record orders of 8.3 gigawatts in 2024, including a strong fourth quarter. Despite stock volatility around the 12-euro mark, analysts remain optimistic with a price target of 18.13 euros, supported by a transition to profitability and robust order momentum from European markets.
Shares in wind energy companies plummeted as Donald Trump appeared poised to win the US election, signaling a potential shift towards prioritizing fossil fuels over renewable energy. Danish firms Orsted A/S and Vestas Wind Systems A/S saw declines of 14% and 13%, respectively, while other companies like Germany’s RWE AG and Nordex SE also experienced losses.
Nordex SE
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nordex undergoes leadership changes amid market volatility and stock decline
Euro
UBS Group AG
Nordex SE
DEU
Patxi Landa
José Luis Blanco
Alberto Gandolfi
Constantin Hesse
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18:27 04.02.2025
nordex faces challenges amid us wind power policy shifts and market volatility
Euro
UBS Group AG
The Goldman Sachs Group, Inc.
Citadel Advisors LLC
Nordex SE
USA
DEU
Patxi Landa
José Luis Blanco
Alberto Gandolfi
Donald Trump
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21:36 30.01.2025
ubs reduces stake in nordex amid record orders and market volatility
20:54 17.01.2025
green energy stocks decline as trump election victory looms
10:36 06.11.2024
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