Stock Market Week 46/25: RENIXX Volatile - Xpeng with Double-Digit Gains, Bloom with Sharp Pullback - Northland Power Shares Plunge
Münster (Germany) - The RENIXX World reached a new intraday high last Tuesday, but was unable to maintain this level. Volatility is increasing noticeably. Mixed corporate news and growing AI-related nervousness about a potential bubble are shaping market activity.
Technical Situation: RENIXX Approaches the 1,300-Point Mark
From late 2023 to January 2025, the RENIXX moved sideways within a range between 1,000 and 1,200 points. The subsequent drop to 748 points marks a significant intermediate low and remains the key support zone in the long-term chart. The RENIXX is currently extremely volatile. With the recent rise to nearly 1,300 points, the index has once again reached the upper boundary of the former trading range. After Friday’s pullback to temporarily below 1,140 points and the subsequent recovery to around 1,184 points, there is still a chance that the psychologically important 1,200-point mark will be regained going forward. For 2025 year-to-date, the RENIXX now stands at +20.4 percent based on Friday’s close (previous week: +21.6%).
Corporate News from Week 46/25
Nordex: Orders from Spain and Germany - Share Hits Multi-Year High
Nordex received an order from long-term customer SSE to deliver seven wind turbines for two wind farms in Aragón, Spain, with a total capacity of 42 MW. Nordex also received orders from German wind farm developer DenkerWulf totaling 122.7 MW. The turbines are scheduled to be installed from 2027 across three wind farms in Schleswig-Holstein, with commissioning planned for 2028. The share reached a new multi-year high during the week but ended slightly lower at -0.5 percent, closing at €27.14.
Saudi Arabia Expands Wind Energy: Goldwind Wins Contract for 3,000 MW Mega Onshore Wind Farm
Saudi Arabia is pushing ahead with renewable energy expansion. The 3,000 MW onshore wind project signed with Chinese turbine manufacturer Goldwind near Riyadh marks a major milestone. The PIF5 wind project, initiated by the Public Investment Fund (PIF), includes the Shaqra and Starah wind farm complexes, which are scheduled to go into operation in 2027 and 2028. Implementation under extreme desert conditions makes this mega-project a technological stress test. Nonetheless, Goldwind’s share price fell by 9 percent to €1.42.
Ballard Power Increases Revenue and Reduces Losses in Q3 2025 - Stock Down Double Digits
In Q3 2025, Ballard Power increased revenue to USD 32.5 million, up 120 percent from the same quarter last year (Q3 2024: USD 14.8 million). Adjusted EBITDA remained negative at -USD 31.2 million but improved by around 48 percent compared to the prior-year quarter (Q3 2024: -USD 60.1 million). The net loss improved by around 86 percent to -USD 28.1 million (Q3 2024: -USD 204.5 million). Ballard Power shares fell 12.3 percent to €2.64.
Plug Power with Slight Revenue Increase in Q3 2025 - Restructuring Weighs on Results
Plug Power generated revenue of USD 177 million in Q3 2025, a slight increase of 1.7 percent year-over-year (Q3 2024: USD 174 million). Growth was driven mainly by the electrolyzer business. Despite slightly higher revenue, the net loss widened significantly. The company reported a net loss of USD 362 million, a 72 percent increase (Q3 2024: -USD 211 million). The stock dropped sharply by 13.6 percent to €1.97.
Northland Power Increases Revenue in Q3 2025 - Net Loss Doubles - Dividend Cut
Northland Power also released its Q3 2025 figures. Revenue rose by 13 percent to CAD 554 million (approx. €340 million), and adjusted EBITDA also increased 13 percent to CAD 257 million (approx. €158 million). However, the net loss more than doubled to -CAD 456 million (approx. -€280 million) (Q3 2024: -CAD 191 million, approx. -€117 million). The main reason is non-cash impairments of CAD 527 million (approx. €324 million) related to the offshore project Nordsee One. The share price plunged by 28.3 percent to €11.17.
RENIXX falls at Start of New Week
The RENIXX edged lower at the start of the week yesterday. The biggest losses were posted by Xpeng, Plug Power, Daqo New Energy, Solaredge, and Ballard Power. The biggest gainers were Jinkosolar, Xinyi Solar, Ørsted, ERG Spa, and Grenergy Renovable.
Source: IWR Online, 18 Nov 2025
