Nordex (NRDXF) Projected to Announce Earnings on Thursday

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

Nordex Price Performance

NRDXF opened at $40.54 on Thursday. The stock’s 50 day moving average price is $44.08 and its two-hundred day moving average price is $47.19. Nordex has a 12-month low of $26.62 and a 12-month high of $56.80.

Analysts Set New Price Targets

NRDXF has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordex in a research note on Friday, October 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Nordex in a research report on Monday, October 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Nordex

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.