Nordex shares hit 24-year high after earnings beat
Nordex shares surged 10% to 49.44 euros, reaching a 24-year high after the company reported first-quarter earnings that exceeded analyst expectations. Earnings before interest, taxes, depreciation, and amortization rose 64% year-on-year to 130.7 million euros, surpassing estimates by 15%. Despite reaffirming performance estimates and a strong order pipeline, analysts warn of potential risks due to high valuations and possible negative impacts from German government reforms and supply chain disruptions.
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