Stock Climbs: Nordex Secures Numerous Orders From France, Türkiye And Germany at The End of June

Hamburg, Germany - At the end of June 2024, wind turbine manufacturer Nordex received numerous orders from France, Türkiye and Germany.

France and Türkiye have placed orders for 17 projects with a total capacity of 245 MW. For nine projects in France, Nordex will supply 35 turbines in the 3- and 4-MW class with a total capacity of 132 MW. In Türkiye, customers have ordered nine N163/6.X turbines for eight projects as well as a further nine turbines in the 4- and 5-MW class. The total capacity of the Turkish orders amounts to 113 MW. The orders also include the service of the turbines over various periods after their commissioning at the end of 2024 and in the course of 2025.

For Germany, Nordex also reports an order from Denker Wulf, one of the leading onshore wind farm developers in Germany. The company ordered seven Nordex N149/5.X turbines at the end of June 2024. The order also includes a service agreement for the maintenance of the turbines over a period of 20 years. The turbines from the Delta4000 series are destined for the 39.9 MW Waabs wind farm near Eckernförde in Schleswig-Holstein. Nordex will deliver the turbines, each with a rated output of 5.7 MW, from spring 2025.

The Nordex share has recorded strong growth in the first four days of trading this week. At the end of trading on Thursday evening, the RENIXX Group's share price was up 9.9 percent at EUR 12.55 (closing price, July 4, 2024, Stuttgart Stock Exchange). This represents an increase of 20 percent compared to the price at the turn of the year. Nordex is thus one of the few RENIXX stocks to have risen so far this year.

Source: IWR Online, Jul 07 2024