Report
EUR 12.77 For Business Accounts Only

Thanks to a better fundamental star rating, NORDEX sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to NORDEX (DE), active in the Renewable Energy Equipment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date February 25, 2022, the closing price was EUR 13.89 and its expected value was estimated at EUR 13.59.
Underlying
NORDEX SE

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.

Provider
TheScreener
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