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Nordex Shares Rise on Better-Than-Expected Results

By Nina Kienle Nordex shares rose Monday after the company posted preliminary results for 2023 which exceeded expectations. At 0950 GMT, shares rose 5.4% at...

Germany , Nina-kienle , Article-normal , Machinery , Turbines , Industrial-goods , Financial-performance , Share-price-movement-disruptions , Corporate-industrial-news , Equity-markets , Commodity-financial-market-news

Nordex Shares Rise on Deal for 20 Wind Turbines

By David Sachs Nordex shares edged higher Thursday after the company said it sold 20 wind turbines late last year. At 0910 GMT, shares in the German turbine...

Germany , German , David-sachs , Denker-wulf , Article-normal , Energy , Electricity-gas-utilities , Electric-power-generation , Renewable-energy-generation , Machinery , Turbines

Nordex Gets Wind-Turbine Orders in Germany

By Adria Calatayud Nordex said it received orders from wind and solar-park developer UKA Group to supply wind turbines to seven projects in Germany. The...

Germany , German , Adria-calatayud , Article-normal , Energy , Electricity-gas-utilities , Electric-power-generation , Renewable-energy-generation , Machinery , Turbines , Electric-utilities

TPI Composites Shares Up Following Expansion of Supply Agreements With Nordex in Turkey

By Sabela Ojea Shares of TPI Composites rose on Tuesday after the company said it extended and expanded its supply agreements with wind turbines manufacturer...

Turkey , Sabela-ojea , Article-normal , Machinery , Turbines , Plastics-products , Industrial-goods , Renewable-energy-equipment , Wind-turbines , Financial-performance , Share-price-movement-disruptions

Nordex Shares Rise on Wind Turbine Contract for Canadian Energy Field

By David Sachs Nordex shares rose Tuesday after the German wind turbine company said it received a contract for a wind farm in Canada. At 0729 GMT, Nordex...

Spain , Forty-mile , Yukon , Canada , United-states , Germany , Spanish , America , German , Acciona-energia , David-sachs , Renewable-energy-systems-canada

Renewables to Rise and a Rotation Into Value. That's Goldman on the Big Questions for Europe in 2021.


By
Callum Keown
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Longer-term winners included luxury goods and renewables, which Goldman Sachs analysts said would continue to outperform
Getty Images
The European equity recovery can continue in 2021 along with the rise of renewables, while the rotation into Value stocks is likely to keep going, according to
The pan-European
Stoxx 600
index has rallied 20% since October and trades at a 12-month forward price-to-earnings ratio of 17.9, which Goldman analysts said was a high outside the Tech bubble era. However, they said the recovery was set to continue, forecasting the index to reach 430 by the end of 2021—just shy of its February 2020 peak, and around 5% higher than Monday’s price.

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