$MC (-0.57%)
$MBG (+2.02%)
$ULVR (+0.59%)
$PYPL (+0.12%)
$NBIS (-0.32%)
$SPGI (+3.37%)
$UPS (-1.31%)
$KO (+2.16%)
$GLW (-2.42%)
$BA (+1.54%)
$KER (-0.91%)
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$STX (-4.27%)
$BE (-0.66%)
$V (+1.99%)
$MDLZ (+0.61%)
$000660
$P911 (+0.17%)
$BN (+1.78%)
$RMS (+1.13%)
$BAS (-0.58%)
$AG1 (+3.87%)
$LMND (+3.12%)
$SOFI (+2.52%)
$NDX1 (-1.5%)
$TER (-4.67%)
$GD (+0.09%)
$APH (-2.51%)
$AIR (+2.05%)
$SBUX (+0.66%)
$CMG (+4.38%)
$META (-0.14%)
$FTNT (+0.09%)
$QCOM (+1.66%)
$LRCX (-4.59%)
$HOOD (+0.86%)
$ARM (+2.4%)
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$CVNA (+5.32%)
$005930
$SU (+1.44%)
$INGA (+1.98%)
$OR (+0.44%)
$BMW (+1.3%)
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$MA (+2.44%)
$ADS (+4.05%)
$SHEL (-1.93%)
$RACE (+5.43%)
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$TEM (-0.01%)
$COIN (+5.7%)
$AAPL (+0.85%)
$AMZN (+0.02%)
$CCO (+1.72%)
$LIN (-0.42%)
$ABBV (-0.31%)
$PUM (+1.86%)
$HAG (+4.46%)
$XOM (-1.59%)
$CVX (-2.36%)

$NDX1 (-1.5%)

📊 𝐄𝐫𝐠𝐞𝐛𝐧𝐢𝐬𝐬𝐞

- Turnover: €1.59B (previous year €1.44B)

- EBITDA: €130.7M (previous year €79.6M)

- EBITDA margin: 8.2% (previous year: 5.5%)

- EBIT: €88.6M (previous year €35.1M)

- EBIT margin: 5.6% (previous year: 2.4%)

- Net result: €53.6M (previous year €7.9M)

- Free cash flow: -€98.1M (previous year: €4.0M)

⠀

🎯 𝐏𝐫𝐨𝐠𝐧𝐨𝐬𝐞𝐬𝐞

- Forecast for FY 2026 confirmed

⠀

📌 𝐖𝐢𝐜𝐡𝐭𝐢𝐠𝐬𝐭𝐞 𝐏𝐮𝐧𝐧𝐤𝐭𝐞

- Sales growth of +11% YoY shows continued strong demand

- Significant margin improvement across all levels (EBITDA +2.7pp)

- Earnings more than multiplied by operating leverage

- Strong increase in order backlog to €17.0B (+26% YoY)

- Slight decline in order intake projects (-10% YoY)

- Negative free cash flow due to working capital normalization

- Service business continues to grow steadily at double-digit rates

⠀

💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭-𝐀𝐮𝐬𝐬𝐜𝐚𝐠𝐞𝐞

"The first quarter developed as expected and marks a positive start to the new year. We have once again delivered a solid operating performance, achieved further margin improvements and started the year with a strong financial position."

$NDX1 (-1.5%) cashed out of Nordex today after years. Originally bought 500 shares in 2019 with the hope of a takeover and belief in sustainable energies. Then bought more during Corona at 7 euros. Completed my best German investment today.

$NDX1 (-1.5%) surprised positively again today after very good figures last month (see my last comment) and secured a major order in the USA with $LNT (-1.26%) secured. Accordingly, 190 wind turbines will soon be delivered to the US plant. Although the official approvals are still pending, Alty is already responding to the largest order in the company's history.

https://www.finanzen.net/amp/mega-deal-nordex-aktie-deutlich-hoeher-us-grossauftraege-von-alliant-energy-15347886

$NDX1 (-1.5%) The Nordex Group has significantly raised its EBITDA margin forecast for 2025. This is based on strong preliminary figures for the third quarter, which show operational strength in the Projects and Service divisions and point to a stable macroeconomic environment. The share ignites the turbo.

For the full year 2025, Nordex now expects an EBITDA margin of 7.5 to 8.5 percent instead of the previous 5.0 to 7.0 percent. Preliminary EBITDA for the third quarter amounted to EUR 136 million, with sales of around EUR 1.706 billion. CEO José Luis Blanco emphasizes the successful implementation of the projects and the positive free cash flow development.

Bank of America (BofA) has put together a basket of stocks to list the winners of the German infrastructure package.

The basket contains 14 stocks that the US bank expects to benefit in particular.

• The German technology group Siemens
  $SIE (+1.3%) (weighted at 10.3 percent, as of August 21)
• The French construction group Eiffage $FGR (+0.25%) (9 percent)
• The German building materials manufacturer Heidelberg Materials
  $HEI (+1.35%) (8.8 percent)
• The German energy technology group Siemens Energy $ENR (-0.1%) (8.6 percent)
• The German truck manufacturer Daimler Truck
  $DTG (+1.4%) (8.4 percent)
• The Italian building materials company Buzzi S.p.A.
  $BZU (+3.61%) (7.9 percent)
• The Swiss cement group Holcim $HOLN (+0.42%) (7.6 percent)
• The Swiss chemicals group Sika AG $SIKA (+3.92%)
  
  (7.4 percent)
• The German forklift manufacturer Kion
  $KGX (+4.29%) (6.7 percent)
• The French communications and energy company Spie $SPIE (+0.89%) (6.4 percent)
• The German industrial group Thyssen-Krupp $TKA (+1.31%) (6.4 percent)
• The German wind turbine manufacturer Nordex
  $NDX1 (-1.5%) (4.6 percent)
• The Swedish steel group SSAB $SSAB A (-1.22%)
  
  (4.1 percent)
• The German industrial services provider Bilfinger
  $GBF (+1.55%) (4.0 percent)

Hopes for the infrastructure package have already caused the shares to rise significantly in some cases in recent months. Since the beginning of the year, the shares included in the basket have risen by around 47 percent. BofA has been offering the share basket to its major clients since the beginning of July.

Despite the jump in the prices of many infrastructure stocks in the first half of the year, BofA manager Klein is confident that the stocks in the basket will continue to rise. According to him, it now depends on when the investments really show up in the profits of the companies.

Oliver Schneider, portfolio advisor at US asset manager Wellington, says: "In the past six to nine months, investor interest in infrastructure stocks has grown rapidly." This is particularly true for European investors.

He cites two factors that he believes will drive infrastructure stocks worldwide in the future. Firstly, there is a great need to modernize infrastructure. Secondly, the demand for electricity is growing due to artificial intelligence. Schneider says: "This is a growth topic that will be with us for the next ten to 20 years."

Source: Text (excerpt) & graphic, Handelsblatt 01.09.25

According to "Welt", companies active in construction, rail infrastructure, digitalization and the energy industry are considered to be beneficiaries of the debt pact. So-called green sectors are also likely to benefit.

A few examples:

$FAST (+0.16%) - Fastned

$ACC - Aker Corp

$IOS (+5.82%) - Ionos

$KTN (+3.35%) - Kontron

$NDX1 (-1.5%) - Nordex

$BC8 (+2.28%) - Bechtle

$VOS (-0.25%) - Vossloh

$S92 (-0.57%) - SMA Solar

Despite all the debt euphoria, however, investors should bear in mind that the infrastructure companies are smaller stocks that are not without risk.

Source (excerpt) & chart: World

Hi everyone,

This is my first contribution. I have been observing the two wind power values for some time now $NDX1 (-1.5%) and $VWS (-1.61%) - and am also invested in both.

Gradually, both seem to be profitable or becoming more and more profitable, which could explain the current upward movement in the market, among other things. While many tech and crypto stocks are currently correcting massively, the last few days have seen a further sharp rise in both candidates.

But is it enough to end the prolonged downward trend and build a sustainable bottom or reverse the trend? It remains exciting.

It will also be interesting to see how Nordex performs tomorrow after the presentation of the figures for the full year 2024 and what reactions will follow in the market.

Also nice: some analysts are currently attesting to considerable upside potential. Goldman Sachs, for example, recently confirmed its buy rating for both stocks. Nordex €20.10; Vestas DKK 197 (~€26.41).

How do you see the whole thing? Do you still believe in wind energy stocks? Who is still invested?

Kind regards ✌️

Analyst updates, 17.12.

⬆️⬆️⬆️

• - UBS raises the price target for AMAZON from USD 230 to USD 264. Buy. $AMZN (+0.02%)
• - CITIGROUP raises the target price for ALLIANZ SE from EUR 286 to EUR 314.40. Neutral. $ALV (+1.15%)
• - BARCLAYS raises the target price for DHL GROUP from EUR 37.50 to EUR 38. Equal-Weight. $DHL (+0.25%)
• - DEUTSCHE BANK RESEARCH upgrades AIRBUS from Hold to Buy and raises target price from EUR 155 to EUR 185. $AIR (+2.05%)
• - BERENBERG raises the price target for MUNICH RE from EUR 525 to EUR 552. Hold. $MUV2 (+1.97%)
• - KEPLER CHEUVREUX raises the price target for ADESSO from EUR 80 to EUR 100. Hold. $ADN1 (+6.96%)
• - WARBURG RESEARCH raises the price target for FMC from EUR 31 to EUR 36. Sell. $FME (+1.46%)
• - DEUTSCHE BANK RESEARCH raises the target price for AUTO1 from EUR 12 to EUR 20. Buy. $AG1 (+3.87%)
• - DEUTSCHE BANK RESEARCH raises the price target for MTU from EUR 329 to EUR 337. Hold. $MTX (+2.51%)
• - DEUTSCHE BANK RESEARCH raises the price target for HENSOLDT from EUR 37 to EUR 41. Buy. $HAG (+4.46%)
• - DEUTSCHE BANK RESEARCH raises the target price for ROLLS-ROYCE from GBP 5.55 to GBP 6.30. Buy. $RR. (+0.46%)
• - BOFA raises the target price for INFINEON from EUR 36 to EUR 40. Buy. $IFX (-1.58%)
• - BOFA raises the price target for STMICRO from EUR 29 to EUR 30. Buy. $STMPA (+3.12%)
• - BOFA raises the target price for NOKIA from EUR 4.07 to EUR 4.58. Neutral. $NOKIA (+1.07%)

⬇️⬇️⬇️

• - JPMORGAN downgrades TRANSMEDICS from Overweight to Neutral and lowers target price from 116 USD to 75 USD. $TMDX (+2.93%)
• - BOFA lowers the price target for SILTRONIC from EUR 59 to EUR 46. Underperform. $WAF (-3.15%)
• - HSBC lowers the price target for CARL ZEISS MEDITEC from EUR 66 to EUR 54. Hold. $AFX (+1.92%)
• - KEPLER CHEUVREUX lowers the price target for HEIDELBERGER DRUCK from EUR 1.25 to EUR 1. Hold. $HBGRY (+0.87%)
• - KEPLER CHEUVREUX lowers the price target for EVONIK from EUR 25 to EUR 21. Buy. $EVK (-0.15%)
• - KEPLER CHEUVREUX lowers the price target for NORDEX from EUR 17 to EUR 14. Buy. $NDX1 (-1.5%)

Analyst updates, 29.11.

⬆️⬆️⬆️

- BOFA raises the price target for SIEMENS ENERGY from EUR 48 to EUR 52. Neutral. $ENR (-0.1%)

- GOLDMAN raises the target price for DEUTSCHE TELEKOM from EUR 37 to EUR 39. Buy. $DTE (+1.96%)

- BERENBERG raises the price target for PFIZER from USD 27 to USD 29. Hold. $PFE (+0.65%)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 14.15 to GBP 16.02. Overweight. $TKWY

- WARBURG RESEARCH raises the target price for RATIONAL from EUR 800 to EUR 810. Hold. $RAA (+1.38%)

- BOFA upgrades SCHNEIDER ELECTRIC from Underperform to Neutral and raises target price from 175 EUR to 255 EUR. $SU (+1.44%)

- BOFA raises the price target for NORDEX from 17.90 EUR to 19.30 EUR. Buy. $NDX1 (-1.5%)

- BERENBERG raises the target price for ZALANDO from EUR 29.70 to EUR 38. Buy. $ZAL (+5.37%)

- WARBURG RESEARCH upgrades WACKER NEUSON from Hold to Buy. Target price EUR 17. $WAC (+0.57%)

- WARBURG RESEARCH raises the price target for ALZCHEM from EUR 75 to EUR 77.50. Buy. $ACT (-0.85%)

- ODDO BHF upgrades NORMA GROUP from Neutral to Outperform. Target price EUR 18.10. $NOEJ (-1.32%)

- BOFA raises the price target for KNORR-BREMSE from EUR 68 to EUR 70. Underperform. $KBX (+0.09%)

- BOFA upgrades ABB to Buy. $ABBNY (+0.71%)

- BOFA upgrades KION from Neutral to Buy and raises target price from EUR 39.50 to EUR 48.50. $KGX (+4.29%)

- BOFA upgrades JUNGHEINRICH from Underperform to Neutral and raises target price from EUR 24 to EUR 26. $JUN3 (+0.12%)

- BERENBERG raises the price target for GLOBAL FASHION GROUP from EUR 0.23 to EUR 0.27. Hold. $GFG (+0.92%)

- HSBC raises the price target for DEUTSCHE BÖRSE from EUR 230 to EUR 236. Buy. $DB1 (+1.98%)

⬇️⬇️⬇️

- KEPLER CHEUVREUX lowers the price target for HUGO BOSS from EUR 59 to EUR 41. Buy. $BOSS (+0.09%)

- BOFA downgrades GENERALI from Neutral to Underperform and raises target price from EUR 26 to EUR 27. $G (+2.29%)

- DEUTSCHE BANK RESEARCH lowers the price target for L'OREAL from EUR 335 to EUR 280. Sell. $OR (+0.44%)

- BOFA lowers the target price for BAE SYSTEMS from GBP 13.75 to GBP 12.40. Underperform. $BA. (+1.73%)

- BERENBERG lowers the price target for ALLGEIER from EUR 22 to EUR 19. Buy. $0RQZ