Nordex (NRDXF) Expected to Release Earnings on Wednesday

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

Nordex Stock Performance

Shares of NRDXF stock opened at $50.60 on Wednesday. The stock has a 50-day moving average price of $49.95 and a 200 day moving average price of $47.84. Nordex has a 12 month low of $20.00 and a 12 month high of $56.80.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NRDXF shares. Jefferies Financial Group reiterated a “buy” rating on shares of Nordex in a report on Thursday, July 2nd. Citigroup restated a “neutral” rating on shares of Nordex in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Nordex Company Profile

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.