EnergyWatch

Nordex loses one third of its stock market value

German wind turbine company Nordex suffers a setback in its shares which declined by one third since last week's downgrade of the 2017 forecast.

Photo: PR Nordex

German wind turbine manufacturer Nordex continues to take beatings on the stock exchange after last week's downgrade which has now cost the company 33.3 percent of its stock market value.

Deutsche Bank recently joined the choir of critics after the downgrade, and the bank's analysts cast doubts on Nordex' management's ability to operate a major company on top of the integration of Acciona Windpower.

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