Nordex (NRDXF) Set to Post Earnings on Thursday

Nordex (OTCMKTS:NRDXF) is anticipated to announce its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.6250 per share and revenue of $2.46 billion for the quarter.

Nordex Stock Performance

OTCMKTS NRDXF opened at $40.54 on Thursday. Nordex has a fifty-two week low of $26.62 and a fifty-two week high of $56.80. The stock’s 50-day moving average is $44.08 and its two-hundred day moving average is $47.19.

Analysts Set New Price Targets

Several analysts have recently issued reports on NRDXF shares. Citigroup reiterated a “buy” rating on shares of Nordex in a research note on Monday, October 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordex in a research note on Friday, October 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Nordex in a report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Nordex Company Profile

Nordex SE is a Germany-based manufacturer and provider of onshore wind energy systems. The company develops, produces and sells wind turbines for utility-scale and other onshore wind projects, with a product portfolio designed for a range of wind conditions and site requirements.

In addition to turbine manufacturing, Nordex provides project development support, installation, commissioning and long-term service. Its offerings include turbine technology from the Delta4000 platform, as well as maintenance, monitoring, spare-parts and other lifecycle services intended to support customers throughout the operating life of their wind farms.

Nordex traces its origins to 1985, when the business was established in Denmark, and is headquartered in Hamburg, Germany.