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Jefferies Thinks Nordex’s Stock is Going to Recover

Jefferies analyst Constantin Hesse maintained a Buy rating on Nordex (NRDXFResearch Report) yesterday and set a price target of EUR20.00. The company’s shares closed last Monday at $15.31, close to its 52-week low of $14.07.

Hesse has an average return of 8.6% when recommending Nordex.

According to TipRanks.com, Hesse is ranked #1476 out of 7790 analysts.

Currently, the analyst consensus on Nordex is a Moderate Buy with an average price target of $21.24.

See today’s best-performing stocks on TipRanks >>

Based on Nordex’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.26 billion and GAAP net loss of $39.91 million. In comparison, last year the company earned revenue of $1.12 billion and had a net profit of $72.55 million.

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Nordex SE is a strategic management holding company, which engages in the development, production, servicing, and marketing of wind power systems. It operates through the Projects and Service segments. The Projects segment comprises of the wind turbine and wind farm development business. The Service segment provides services and products for existing turbines after their handover to customers. It also offers inspection and maintenance, inspection of safety equipment, repair service, spare part deliveries, modernization, technical enhancements, condition monitoring system, customer training, and remote monitoring and management. Nordex was founded in 1985 and is headquartered in Hamburg, Germany.

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