NORDEX SE : We reiterate our positive view of the stock
>Nordex excessively impacted by deteriorated sector newsflow... - For a little over three months sector players have faced deteriorating sector newsflow which has had a significantly negative impact on the stock market performance of the groups in the sector (see page 2). The three main elements weighing on the performance of stocks in the sector concern: 1/ the trade war between the US and China and its potential impact on the availability and price of components;...Nordex is a holding company. Co. is a supplier of multimegawatt onshore wind turbines for locations characterised by strong, medium and light wind conditions. Co. focuses on developing and producing the entire system including the control software as well as the main core components and on providing related services. This mainly refers to the sale of wind power systems and, in selected markets, the upstream wind farm project development and sale of turnkey solutions. In addition, Co. assembles wind turbines and provides the necessary after-sales service. Co.'s finance department also supports customers to raise project finance via national and international commercial banks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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