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Navigating the wind: European turbine makers brace for blows from the East

LIVE MARKETS-Navigating the wind: European turbine makers brace for blows from the East STOXX 600 flat Healthcare leads, tech lags GSK jumps on Zantac settlement U.S. CPI awaited Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com NAVIGATING THE WIND: EUROPEAN TURBINE MAKERS BRACE FOR BLOWS FROM THE EAST As the European automobile industry reels from the EU's de
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Barclays starts Nordex at 'equal weight' on risks to margin recovery

BUZZ-Barclays starts Nordex at 'equal weight' on risks to margin recovery ** Barclays initiates Nordex NDXG.DE at "equal weight", saying tougher competition could hamper the German wind turbine maker's margin recovery ** It sees a sustainable margin improvement with delivery of low-margin legacy contracts until the end of 2024 ** But increased competition from China and Siemens Energy's ENR1n.DE return to tendering pose a risk to Nordex's medium-term EBITDA margin target of 8%, the broker says *
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Defensive sectors prop up Europe's STOXX 600 as China jitters persist

Defensive sectors prop up Europe's STOXX 600 as China jitters persist For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 9 (Reuters) - European stocks eked out gains on Wednesday, aided by defensive sectors, as uncertainty around China's stimulus plans kept the mood subdued ahead of key U.S.
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German wind turbine maker Nordex's 9M order intake up 4%

UPDATE 1-German wind turbine maker Nordex's 9M order intake up 4% Adds pricing with ASP for 9M, CEO quotes, share move Oct 9 (Reuters) - German wind turbine maker Nordex NDXG.DE on Wednesday said it has secured 5,083 megawatts (MW) of orders in the projects segment in the first nine months of the year, helped by strong demand in Germany, the Baltic states and Canada.
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German wind turbine maker Nordex's 9M order intake up 4%

German wind turbine maker Nordex's 9M order intake up 4% Oct 9 (Reuters) - German wind turbine maker Nordex NDXG.DE on Wednesday said it has secured 5,083 megawatts (MW) of orders in the projects segment in the first nine months of the year, helped by strong demand in Germany, the Baltic states and Canada. That represents an increase of 4% compared with the same period last year, the company said.
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Nordex Group Order At 5.1 GW In The First Nine Months Of 2024

BRIEF-Nordex Group Order At 5.1 GW In The First Nine Months Of 2024 Oct 9 (Reuters) - NORDEX SE NDXG.DE : NORDEX GROUP ORDER INTAKE GROWS TO 5.1 GW IN THE FIRST NINE MONTHS OF 2024 Q3 2024 ORDER INTAKE AT 1.7 GW STABLE PRICING CONTINUED WITH ASP OF EUR 0.90 MILLION PER MW IN FIRST NINE MONTHS OF 2024 ORDER INTAKE DRIVEN BY GERMANY, BALTIC STATES AN
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Nordex Receives 500 MW Orders From Canada

BRIEF-Nordex Receives 500 MW Orders From Canada Oct 8 (Reuters) - NORDEX SE NDXG.DE : RECEIVES 500 MW ORDERS FROM CANADA ORDERS INCLUDE 74 N163 TURBINES WITH 500 MW CAPACITY ORDERS INCLUDE PREMIUM SERVICE FOR 15-30 YEARS SUPPLY OF MACHINES AS COLD CLIMATE VARIANTS BETWEEN 2025-2026 TURBINES TO BE EQUIPPED WITH ADVANCED ANTI-ICING SYSTEM Source text
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L'Oreal, Stellantis NV, Videndum

EUROPE RESEARCH ROUNDUP-L'Oreal, Stellantis NV, Videndum Oct 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including L'Oreal, Stellantis NV and Videndum on Friday. HIGHLIGHTS * Gerresheimer AG GXIG.DE : Berenberg cuts target price to EUR 110 from EUR 125 * L'Oreal OREP.PA : Stifel cuts target price to EUR 440 from EUR 450 * Scor SCOR.PA : Berenberg raises to buy from hold * Stellantis NV STLAM.MI : RBC cuts to sector perform from outperfo
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Nordex Group Receives 66 MW Order From The UK

BRIEF-Nordex Group Receives 66 MW Order From The UK Oct 2 (Reuters) - Nordex SE NDXG.DE : RECEIVES ORDER FOR 66 MW FROM THE UK WILL SUPPLY TWELVE N149/5.X TURBINES FOR CONSTRUCTION OF A NEW ONSHORE WIND FARM FOR CAPITAL DYNAMICS Source text for Eikon: ID:nEQ6SGBLZa Further company coverage: NDXG.DE (Gdansk Newsroom)
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Nordex Group Receives First Order In Latvia

BRIEF-Nordex Group Receives First Order In Latvia Sept 26 (Reuters) - NORDEX SE NDXG.DE : 109 MW: THE NORDEX GROUP RECEIVES FIRST ORDER IN LATVIA SIA LAFLORA ENERGY ORDERS 16 N175/6.X TURBINES WITH 179 METERS HYBRID TOWERS CONTRACT FOR PROJECT ALSO INCLUDES A PREMIUM PLUS SERVICE CONTRACT FOR TURBINES FOR A 35-YEAR PERIOD Source text for Eikon: ID:
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Nordex Group Receives Provisional Type Certificate For The N175/6.X Turbine

BRIEF-Nordex Group Receives Provisional Type Certificate For The N175/6.X Turbine Sept 25 (Reuters) - NORDEX SE NDXG.DE : RECEIVES PROVISIONAL TYPE CERTIFICATE FOR THE N175/6.X TURBINE TO START SERIES PRODUCTION OF N175/6.X TURBINE Source text for Eikon: ID:nEQ59c0dga Further company coverage: NDXG.DE (Gdansk Newsroom)
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China's Sany plans European production start by 2026, manager says

UPDATE 2-China's Sany plans European production start by 2026, manager says Updates with details, comments By Riham Alkousaa HAMBURG, Sept 24 (Reuters) - Chinese wind turbine maker Sany is preparing to start production in Europe by 2026 and is in advanced talks with potential European customers, the company's Europe renewables manager said on Tuesday.
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China's Sany plans European production start by 2026, manager says

China's Sany plans European production start by 2026, manager says HAMBURG, Sept 24 (Reuters) - Chinese wind turbine maker Sany is preparing to start production in Europe by 2026 and is in advanced talks with potential European customers, the company's Europe renewables manager said on Tuesday. "We have trimmed down the number of potential locations to three.
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Nordex To Supply 41 Turbines For 148 MW Wind Farm In Poland

BRIEF-Nordex To Supply 41 Turbines For 148 MW Wind Farm In Poland Sept 24 (Reuters) - NORDEX SE NDXG.DE : TO SUPPLY 41 TURBINES FOR 148 MW WIND FARM IN POLAND EXPANSION TO ADD 12 TURBINES, TOTALING 190.8 MW SUPPLY OF 41 N117/3600 TURBINES TOTALING 147.6 MW FROM END OF 2025 ORDER INCLUDES 30-YEAR PREMIUM SERVICE CONTRACT WIND FARM SCHEDULED TO OPERA
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UKA Places Order With Nordex For 68 MW Of N175/6.X Turbines In Germany

BRIEF-UKA Places Order With Nordex For 68 MW Of N175/6.X Turbines In Germany Sept 18 (Reuters) - NORDEX SE NDXG.DE : UKA PLACES ORDER WITH NORDEX GROUP FOR 68 MW OF N175/6.X TURBINES IN GERMANY ORDER INCLUDES 20-YEAR PREMIUM SERVICE FOR TURBINE MAINTENANCE UKA ORDERS 68 MW OF N175/6.X TURBINES FROM NORDEX 10 TURBINES WITH 179 METRE HUB HEIGHT DEVEL
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Ørsted Places Its Maiden Order With The Irish Entity Of The Nordex Group

BRIEF-Ørsted Places Its Maiden Order With The Irish Entity Of The Nordex Group Sept 12 (Reuters) - NORDEX SE NDXG.DE : ØRSTED PLACES ITS MAIDEN ORDER WITH THE IRISH ENTITY OF THE NORDEX GROUP AFTER COMPLETION AND COMMISSIONING IN 2026, FARRANRORY IS EXPECTED TO SUPPLY 25,000 IRISH HOUSEHOLDS WITH CLEAN ELECTRICITY ØRSTED ORDERS NINE N133/4800 TU
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Rates start reversing, but European small/mid-caps' valuations remain unchanged - Jefferies

BUZZ-Rates start reversing, but European small/mid-caps' valuations remain unchanged - Jefferies ** Jefferies sees investment opportunities among European small- and mid-cap stocks, citing valuations at record lows vs large caps and a broad-based recovery that has not yet materialised, while Eurozone rates have started to reverse ** It says volatil
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Eqs-News Nordex Group Receives Orders From Akfen Renewable Energy For 102 MW In Türkiye

BRIEF-Eqs-News Nordex Group Receives Orders From Akfen Renewable Energy For 102 MW In Türkiye Aug 20 (Reuters) - Nordex SE NDXG.DE : EQS-NEWS: NORDEX GROUP RECEIVES ORDERS FROM AKFEN RENEWABLE ENERGY FOR 102 MW IN TÜRKIYE NORDEX SE - FROM AUTUMN 2025, NORDEX GROUP WILL SUPPLY AND INSTALL 19 TURBINES FROM THEIR DELTA4000 SERIES FOR EXTENSION OF FI
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Nordex Has Received Two Orders From France

BRIEF-Nordex Has Received Two Orders From France Aug 7 (Reuters) - NORDEX SE NDXG.DE : THE ORDERS ALSO INCLUDE PREMIUM SERVICE FOR MAINTENANCE OF TURBINES OVER 20 YEARS AFTER COMMISSIONING IN AUTUMN 2025 (FIXES SPELLING) NORDEX GROUP HAS RECEIVED TWO ORDERS FROM FRANCE FOR A TOTAL OF 57 MW Source text for Eikon: [ID:] Further company coverage: NDXG
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Nordex Gets Follow-Up Order From Aquila Clean Energy In Spain

BRIEF-Nordex Gets Follow-Up Order From Aquila Clean Energy In Spain July 31 (Reuters) - Nordex SE NDXG.DE : EQS-NEWS: NORDEX GROUP RECEIVES FOLLOW-UP ORDER FROM AQUILA CLEAN ENERGY FOR 141.6 MW IN SPAIN NORDEX SE - THIS SECOND ORDER ALSO INCLUDES A PREMIUM SERVICE CONTRACT WITH A TERM OF 20 YEARS NORDEX SE - NORDEX GROUP WILL ALSO SUPPLY ADDITIONAL
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