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Nordex shares regaining upward trajectory?

Firm maintains buy suggestion for Nordex, preserving a price target of 25 euros. Strong indicators from Germany and fortification of the 20-euro mark contribute to the market's upward trajectory.

Nordex stock regains northern momentum?
Nordex stock regains northern momentum?

Nordex shares regaining upward trajectory?

In the world of renewable energy, Nordex shares are experiencing a resurgence, despite a recent slowdown. The stock, which had been under pressure due to open questions regarding Nordex's US business, has shown a steady improvement.

By midday, the Nordex share had improved by 2.4 percent, reaching 21.50 euros. This upward trend was emphasized as the psychologically important line at 20 euros was defended, indicating a long-term positive outlook for the company.

The demand for renewable energies, it seems, is not limited to Europe. Analysts at Jefferies have detected positive signals in the German market for Nordex, which bodes well for the company's future. The outlook for Nordex share remains positive, as long as renewable energies remain in demand.

However, the current US administration's aversion to wind power poses a problem for Nordex. The Nordex share has experienced a slowdown in recent weeks due to negative signals from competitors and this aversion to wind power in the US.

Despite these challenges, the Nordex share, in the chart, shows itself to be firmly in the saddle, despite the recent correction movement. The new high for the Nordex share, according to Jefferies, is 25 euros, with the previous yearly high for the Nordex share at 23.44 euros.

Jefferies has reaffirmed its buy recommendation for the Nordex share, reflecting confidence in the company's potential for growth. The Federal Network Agency's latest report indicates the expansion of renewable energies in Germany must be accelerated, which could further boost Nordex's fortunes.

It's worth noting that the specific companies involved in influencing the Nordex stock price are not explicitly named in the available sources. The stock price movements seem driven primarily by market trading activity rather than particular corporate stakeholders or investors.

In Friday's trading, the Nordex share is rising, indicating a continued positive sentiment among investors. As the renewable energy sector continues to grow, Nordex shareholders can look forward to a promising future.

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