Stock Market Week 44/25 - RENIXX: New Yearly High - Canadian Solar, Bloom Energy, First Solar, and Nordex with Double-Digit Gains - Enphase: Disappointing Outlook - Plug Power Expands Business Fields
Münster (Germany) - The RENIXX World continued its upward trend last week. On Wednesday, the RENIXX reached a new yearly high, marking its highest level in two years. However, the index was unable to hold this level and fell slightly by Friday’s close.
Technical Situation: RENIXX Near the 1,200-Point Mark
From late 2023 to January 2025, RENIXX moved sideways in a range between 1,000 and 1,200 points. The subsequent drop to 748 points formed the “head” of an inverse head-and-shoulders pattern. With the current rise to just above 1,200 points, the index has returned to the upper edge of its previous range. Indications of a potential trend reversal formation (inverse head-and-shoulders) are increasing. A confirmed breakout could open up further upside potential. For 2025 as a whole, RENIXX is now up 21.3% (previous week: 16.5%).
Company News from Week 44/25
Canadian SolarCanadian Solar’s subsidiary E-Storage has started commercial operation of the 220-MWh DC Mannum battery storage project in South Australia. The project, owned by Epic Energy and developed by Recurrent Energy, was implemented by E-Storage as EPC contractor (engineering, procurement, construction). Located next to Epic Energy’s 46-MWp solar plant, the Mannum project will strengthen grid stability in South Australia and support the regional energy transition. It uses E-Storage’s proprietary SolBank technology. With a 41% gain to €17.96, Canadian Solar was the top performer in the RENIXX last week.
Bloom EnergyUS energy pioneer Bloom Energy reported its Q3 2025 results, including record revenues. The strong data and prospects for further fuel cell deals for AI data centers boosted investor confidence, sending the stock up sharply. At week’s end, Bloom Energy shares closed 21.4% higher at €113.88.
First SolarFirst Solar reported record shipments but slightly lowered its guidance. In Q3, the US solar module maker posted net revenue of USD 1.6 billion and earnings per diluted share of USD 4.24. Shipments reached a record 5.3 GW. Net cash increased to USD 1.5 billion, supported by prepayments and improved cash flow. For 2025, the company expects revenue between USD 4.95 - 5.20 billion (previously 4.90 - 5.70) and EPS between USD 14.00 - 15.00 (previously 13.50 - 16.50). The stock rose 16.8% to €231.35.
NordexWind turbine manufacturer Nordex raised its EBITDA margin forecast for 2025 significantly to 7.5 - 8.5% (previously 5.0 - 7.0%). The improved guidance was attributed to strong operational execution in both project and service segments, as well as a stable macroeconomic environment. Asset manager BlackRock increased its stake in Nordex to 4.35% (3.17% direct, 1.18% via instruments). The stock rose 13% to €25.52.
Plug PowerHydrogen specialist Plug Power is expanding into renewable fuels production. Together with Edgewood Renewables, the company plans to build a state-of-the-art facility in North Las Vegas (Nevada) that will convert biogenic waste into sustainable aviation fuel (SAF), renewable diesel (RD), and biomethanol. The plant will use renewable natural gas (RNG) and low-carbon hydrogen for process energy. All end products can serve as drop-in fuels, usable in existing aircraft, truck, and ship engines. The project aims to cut CO? emissions in the transport and industrial sectors. However, the stock fell 8.3% to €2.23.
Enphase EnergyEnphase beat expectations for Q3 but issued a weak outlook for Q4 due to countervailing duties. Q4 revenue is expected between USD 310 - 350 million, with the upper end about USD 60 million below Q3 levels. The gross margin is projected at 40.0 - 43.0% (GAAP) and 42.0 - 45.0% (non-GAAP), about 5 percentage points lower due to tariffs. The stock dropped 15.6% to €26.43.
RENIXX Starts the Week on a Positive NoteThe RENIXX continued its upward trend yesterday, rising 2.8% to 1,224.75 points, reaching a new yearly high.
The biggest gainers were Daqo New Energy (+14.0%), Canadian Solar (+10.0%), Bloom Energy (+9.4%), Goldwind (+6.9%), and Xinyi Solar (+5.1%). The strongest decliners were Solaredge (-5.9%), Scatec (-3.3%), Enphase Energy (-3.0%), Sunrun (-2.9%), and BYD (-2.3%).
Source: IWR Online, 04 Nov 2025
