Nordex (NRDXF) Expected to Announce Earnings on Monday

Nordex (OTCMKTS:NRDXF) will likely be releasing its results before the market opens on Monday, April 27th. Analysts expect Nordex to post earnings of $0.2490 per share and revenue of $1.7975 billion for the quarter.

Nordex Price Performance

Nordex stock opened at $53.20 on Monday. Nordex has a 1-year low of $18.83 and a 1-year high of $53.20. The company has a fifty day simple moving average of $48.52 and a 200 day simple moving average of $37.85.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Nordex in a research report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Nordex

Nordex SE is a Germany-based manufacturer of onshore wind turbines, specializing in the design, development and production of turbine technology for renewable energy projects. Headquartered in Rostock, the company offers a range of turbine platforms tailored to various wind conditions, from low to high wind sites. Its core activities encompass engineering, manufacturing and assembling turbine components, including rotor blades, nacelles and towers, as well as providing control systems to optimize power output.

In addition to its manufacturing business, Nordex provides comprehensive services for the lifecycle of wind farms.