Is it possible that Nordex is running out of time now? At the beginning of the month, the wind turbine manufacturer’s share was still able to post strong gains. This was because it was able to present a full order book to the market. However, this steep step was quickly lost after bad news came from the wind industry in Germany again. The expansion of wind power on land has almost come to a standstill. This is due to congestion in the approval process and increasing resistance from residents.
Too much time for Nordex?
For Nordex, this is a dangerous patch. Although much has been done in the past quarters to internationalize its business and also to focus on the German offshore sector, the company has not been able to maintain its strong position in the German offshore market. Such news is counterproductive. In addition, Nordex will not be presenting its next quarterly figures until mid-August. So there is a lot of time to speculate about negatives as well.
Share slips through!
The current interim result: The share not only collected its profits from the beginning of July again but also fell thanks to the support of 12 euros. Which makes the chart technical risk acute that it could also go into the 9.50 Euro range.
The contributions offered on finanztrends.info are for information purposes only. The contributions offered here do not constitute a recommendation to buy or sell at any time. They are not to be understood as an assurance of price developments for the aforementioned financial instruments or as an invitation to take action. The acquisition of securities is risky and entails risks that can result in the total loss of the capital invested. The information published on finanztrends.info is no substitute for professional investment advice tailored to individual needs. No liability or guarantee is assumed for the topicality, correctness, appropriateness and completeness of the information provided or for financial losses. Finanztrends.info has no influence on the published contents and before publication of all contributions no knowledge about contents and subject matter of these. The publication of the contributions identified by name is the sole responsibility of guest commentators, news agencies or similar. As a result, the contents of the contributions cannot be regarded as investment interests of finanztrendsw.info and/or its employees or bodies. The guest commentators, news agencies etc. do not belong to the editorial staff of finanztrends.info. Their opinions do not reflect the opinions and opinions of finanztrends.info and its employees. (Detailed disclaimer)