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Nordex: How Dangerous Is It Now?

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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.



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