Nordex SE is one of Europe’s leading manufacturers of wind turbines. Headquartered in Rostock, Germany, Nordex was originally founded in Denmark in the mid-1980s. Within a decade, Nordex became the first firm to mass produce a 1MW turbine booster. Production of its wind turbines now takes place in Rostock and as far afield as Tamaulipas, Mexico and China.
As of 2016, Nordex embarked on an ambitious merger with the wind turbine subsidiary of Spanish firm Acciona. Acciona Windpower and Nordex merged to create the Nordex Group.
Today, Nordex boasts an active workforce of more than 9,000 staff worldwide. It also has an estimated valuation of $2.3 billion, which is only marginally lower than some of its counterparts at the cutting edge of the wind power industry. Its latest turbines are designed to offer economical power generation in all climatic and geographical conditions.
Long-time investors in the Nordex share price will have suffered a substantial loss on their initial investment. Had you purchased Nordex shares from the outset of its public listing, you’d be looking at a loss of just over 80% as of January 2023.
Nordex stock was trading as high as €83.92 in July 2001 but, like so many tech stocks in the early 2000s, its value plummeted as the dot-com bubble burst, reaching lows of €5.76 in March 2003. Anyone that managed to get in on Nordex shares around this point would have made a solid return on investment, despite some periods of volatility in the last couple of decades.
The global financial crash of 2007-08 was particularly messy for Nordex stock, hitting lows of €6.83 in February 2009, albeit still higher than its lows of March 2003. Interestingly, its merger with Acciona Windpower saw the Nordex share price fall from €28.71 in December 2015 to €11.75 by February 2017. Inflation-linked cost pressures don’t appear to have had a major impact on Nordex shares of late, with its share price up over 64% between July 2022 and January 2023.
There is fierce competition in the wind power industry, with several publicly listed companies operating out of Europe and North America. Iberdrola is one such firm that has been specialising in generating, distributing and selling energy for almost two centuries. Established in 1840, this iconic Spanish firm, headquartered in the city of Bilbao, now focuses on a host of renewables, including wind, solar and hydropower.
In the United States, NextEra Energy Partners are another big player in the wind turbine sector. Since 2014, it has been overseeing clean energy projects at domestic and commercial levels. Headquartered in North Palm Beach, NextEra posted revenues of more than $18 billion in 2020 and has almost 15,000 employees in North America alone. In fact, NextEnergy is the biggest electric utility holding company in terms of market capitalisation.
Italian energy giant ERG SpA is another major European player in the wind turbine market. Headquartered in Genoa, ERG has been operational since 1938, but has more recently focused its efforts on renewable energy. In 2007, it began to operate in the French and German wind markets and it also invested in new wind farms elsewhere in the UK and eastern Europe.
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