Goldman Sachs analyst Rakesh Patel maintained a Hold rating on Nordex (NRDXF) yesterday and set a price target of EUR12.00. The company’s shares closed last Monday at $16.16, close to its 52-week high of $16.48.
According to TipRanks.com, Patel is ranked #3671 out of 7061 analysts.
Nordex has an analyst consensus of Moderate Buy, with a price target consensus of $16.02, a -0.9% downside from current levels. In a report released today, Independent Research also maintained a Hold rating on the stock with a EUR14.10 price target.
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Based on Nordex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.08 billion and GAAP net loss of $142 million. In comparison, last year the company earned revenue of $592 million and had a GAAP net loss of $20.42 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.
