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Money Trading Idea Nordex: Is there another setback?

16:50  27 october  2020
16:50  27 october  2020 Source:   finanzen.net

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The wind power capacities are to be further expanded in Germany - but the headwind remains considerable. The federal government wants to have a corresponding law passed in a few weeks. However, a number of nature conservation organizations and their lawyers are already getting into position to prevent this.

TORU YAMANAKA/AFP/Getty Images © Provided by Finanz.net TORU YAMANAKA / AFP / Getty Images

The manufacturer of wind turbines Nordex is likely to be just as excited and critical of this. Because Germany is still the most important market for the company in terms of size, even if Nordex is working flat out to change this. In Latin America in particular, and especially in North America, successes were reported in this regard this year.

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Nordex recently received another major order from the USA. A total of 50 turbines with a nominal output of 240 MW are to be delivered for a wind farm project in Texas in the coming year. Particularly important for the market: This is about the latest Delta4000 turbines, which have correspondingly higher margins and should deliver a lot for the further development of profitability.

Nevertheless: The stock exchange will take a close look at how the hiccups in Germany will continue. In addition, the company will present its quarterly report in just under two and a half weeks. And if you look at the history of the last report templates, there is a risk of another setback, at least temporarily.

This is especially true if the share cannot stay above its support at around EUR 12 in the coming days. Then there is another risk of a setback in the range of 10.50 euros, perhaps even to the 200-day line at just under 10 euros.

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With the price increase today, the bulls have the upper hand, but the danger has not yet been eliminated. Speculatively positioned investors can accompany the possibility of a new price slide with a put and fall back on an Open End Turbo Bear from Citi. The current leverage is 6.2 and we see a price target of 4.00 euros, thus a chance of almost 100 percent. It is hedged with a stop loss at 0.85 euros.

• Underlying: Nordex

• Product type: Knock-out Warrants

• Issuer: Citi

• ISIN: DE000KA7PQХ- $

• Term: Open end

• Price knockout put (27.10.20, 14: 13:00): 2.04 euros

• Base price variable: 14.5036 euros

• Knock-out threshold: 14.5036 euros

• Leverage: 6.2

• Distance to knock-out: 14.7 percent

• Stop-loss put: 0.85 euros

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