Breaking News


Nordex Jumps After Winning Order to Supply Turbines to Wind Park

Nordex AG, a German windmill maker, rose in Frankfurt trading after securing a five-turbine order for a wind park in the German Oberpfalz area.

The stock climbed as much as 5.5 percent to 3.14 euros, the biggest increase since July 3, and was up 3.5 percent at 5:07 p.m. in Frankfurt. The Hamburg-based company was the biggest climber on the German HDAX Index today.

“Nordex’s situation is inspiring investor confidence,” Holger Fechner, a Hamburg-based analyst at Norddeutsche Landesbank Giroz, said in a phone interview. The company has “a strong order intake” and recently confirmed it will reach profit goals, Fechner said. Investors also favor the company’s efforts to find a partner in China, he said.

Nordex plans to connect the five N117/2400 onshore turbines ordered by Neumarkt-based Jura Energie GmbH to the power grid next year, the company said today in a statement. In April, the manufacturer won a contract from VenSol Neue Energien GmbH and Honold GmbH Windkraftanlagen for the delivery of 10 turbines to Bavaria´s largest wind farm.

To contact the reporter on this story: Myriam Wecker in Frankfurt at +49-69-9204-1287 or

To contact the editor responsible for this story: Benedikt Kammel at +49-30-70010-6230 or

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.