EnergyWatch

Nordex makes modest comeback with solid annual report

On top of a dramatic share decline last week, Nordex presented a strong 2016 annual report Wednesday. However, prospects for the coming years are still a cause for concern.

Photo: PR Nordex

A steady stream of cash flowed into Germany's Nordex during 2016 – more money than during the year prior. Yet this does not change the fact that the company faces a few more challenging years.

This is the gist of the situation after the German wind turbine manufacturer presented its 2016 annual report Wednesday morning (CET). This report arrives just a few days after Nordex announced weak projections for 2017 and 2018 last week, triggering a dramatic decline in the share price for the company.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs