Nordex (NRDXF) Expected to Release Earnings on Wednesday

Nordex (OTCMKTS:NRDXF) is anticipated to issue its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.4894 per share and revenue of $2.4077 billion for the quarter.

Nordex Price Performance

OTCMKTS NRDXF opened at $50.60 on Monday. Nordex has a 52 week low of $20.00 and a 52 week high of $56.80. The company has a fifty day moving average of $49.67 and a two-hundred day moving average of $48.21.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NRDXF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Nordex in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordex in a research report on Tuesday, April 28th. Finally, Citigroup restated a “neutral” rating on shares of Nordex in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.