FRANKFURT (dpa-AFX) - Investors in Nordex, the manufacturer of wind power turbines, are making a lively bid. On Friday, the shares continued their strong recovery gains with a rise of more than 5 percent and reached their highest level since mid-November above the EUR 11 mark. This means that they have already gained more than 20 percent in value over the course of the week. On Monday, at EUR 9.21, they were still approaching their lowest level since October 2022. At EUR 8.62, this is only a few weeks old.

The previous day, the outlook had already driven the share price up by nine percent. The company expects a further improvement in its results in 2024. Analysts remain optimistic with their price targets, with Citigroup, for example, raising its target to EUR 16. This means that expert Vivek Midha still promises share price potential of almost half even after the current rally.

Alster Research remains even more optimistic, stating that the 22 euros mentioned here would be equivalent to a doubling. "The new targets paint a very positive picture," wrote analyst Leon Mühlenbruch. The annual results had confirmed the expected strong sales growth and Nordex had also achieved a positive operating result (EBITDA) again. All this underpins his expectation that Nordex is on the way to profitable growth./tih/jha/