Nordex

DE000A0D6554

Nordex SE is a European company that designs, sells and manufactures wind turbines. The company's headquarters is located in the German city of Rostock while management is situated in Hamburg. Production takes place in Rostock as well as in China and in the city of Heroica Matamoros, state of Tamaulipas, Méxicofor a brief time in Jonesboro, Arkansas. The company was founded in 1985 in Give, Denmark. Since then the company steadily grew. In 1995 Nordex was the first company to mass-produce a 1 MW turbine booster. The company Südwind Babcock-Borsig has been fully implented into Nordex on October 1, 2001. Nordex began also producing the turbines of the manufacturer Südwind, which had previously gone bankrupt. Nordex started producing turbines in the 1.5 MW class (ProTec MD 1,500 kW) from 2001 - originally from "pro + pro Energiesysteme" (a subsidiary of aerodyn Energiesysteme GmbH and Denker & Wulf ) developed the S70 and later the S77 - under license. In 2016, the wind turbine manufacture business unit of Spanish conglomerate Acciona, Acciona Windpower, merged with those of Nordex to form Nordex Group.

Nordex has been a target of short sellers for a while. The current short interest of 3.33% is roughly at the average of the last 12 months (3.04%).

History