Shareholders will be ecstatic, with their stake up 21% over the past week following Nordex SE 's ( ETR:NDX1 ) latest...
Shareholders in Nordex SE ( ETR:NDX1 ) may be thrilled to learn that the analysts have just delivered a major upgrade...
France's Engie said on Thursday it booked a 714 million euro ($774 million) impairment charge last year as a result of issues with onshore wind turbines in the United States and a fall in some U.S. long-term energy prices. Engie said in its annual results that the operational issue concerned wind turbines produced by Germany's Nordex, while the price drop was in the U.S. Southwest Power Pool (SPP), which runs from Montana in the north to New Mexico in the south. "It's a very local issue, it's company-related, the bulk of it is one market and one portfolio of assets ... The project started a few years ago, we had to fix it and now it's properly done," Engie CFO Pierre-François Riolacci told analysts.