Nordex in December 2019 has received a series of orders with a combined capacity of 308MW from several European countries, boding well for a turnaround of results at the wind turbine OEM in the near future.
Nordex shares after the news rose 3.26% to €12.02 ($13.44) in mid-morning electronic trading at the Frankfurt stock exchange, compared to a 0.89% rise in the DAX index of Germany’s most important shares.
The turbine maker’s main sales market was Turkey, with three projects totalling 105MW.
The German-Spanish manufacturer also secured orders in France (68MW), Finland (43MW), Germany (34MW) and Croatia (32MW), as well as in Spain and Italy.
With 72 turbines, the majority of the orders placed were for the Delta and Delta4000 series turbines with nominal outputs of between 3.0 and 4.8MW.
Nordex in the first nine months of 2019 had posted a widened net loss of €76.5m, compared to a net loss of €51.8m in the same period of 2018, as the OEM – like its peers – had to struggle with price pressures and a collapse in the German home market.