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Friday, September 17, 2021

Nordex Rises on Wind-Turbine Order From Scan Energy of Denmark

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Nordex AG, a German wind-turbine maker, rose the most in more than five months in Frankfurt trading after receiving a 500 million-euro ($698 million) order from Danish energy provider Scan Energy A/S.

Nordex jumped as much as 1.30 euros, or 6.3 percent, to 21.90 euros. A close at that price would be the biggest one-day gain since March 25. The stock traded at 21.35 euros as of 9:28 a.m. local time.

The order is for 170 turbines with a total capacity of 425 megawatts and servicing for as long as 10 years, Norderstedt- based Nordex said today in a statement distributed by the OTS newswire. The first 41 units are to be delivered and installed by 2010, with the others to follow by 2012, the company said.

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