Stock Market Week 47/25: RENIXX Deep in the Red - Canadian Solar, Bloom Energy, Daqo, Xpeng and Array Technologies with Double-Digit Losses
Münster (Germany) - After its rapid rise from 748 points (09 Apr 2025) to almost 1,300 points (11 Nov 2025), the RENIXX World last week ended its interim rally for the time being and experienced a significant correction. Profit-taking weighed on the market, with nearly all stocks ending the trading week with losses.
Technical Situation: RENIXX Tests the 1,000-Point Mark
From the end of 2023 to January 2025, RENIXX traded sideways between 1,000 and 1,200 points. The subsequent decline to 748 points marked a notable interim low and continues to form the key support zone in the long-term chart.
High volatility had already surfaced the previous week. With the rise to nearly 1,300 points, the index once again reached the upper boundary of its previous trading range. However, the rally proved unsustainable. Profit-taking pushed the index back toward the 1,000-point mark last week. This suggests that a sideways movement is the most realistic scenario for the coming weeks. On a full-year basis for 2025, RENIXX now sits at a gain of 10.5 percent following Friday’s close (previous week: 20.4%).
Corporate News from Week 47/25
North Sea Offshore Innovation: Luxcara Relies on Ørsted’s Low-Noise Osonic Installations
Danish offshore wind pioneer Ørsted is bringing its low-noise Osonic installation method into the commercial phase. The company signed a framework agreement as preferred supplier with German energy infrastructure asset manager Luxcara. Osonic is a jet-based monopile installation method that significantly reduces underwater noise while lowering costs. The technology will be used for offshore wind turbine foundations across Luxcara’s entire German portfolio. Ørsted shares gained 2.7 percent to EUR 16.99.
U.S. Solar Giant First Solar to Build New 3.7 GW Production Facility in South Carolina
First Solar, the leading U.S. manufacturer of photovoltaic modules, plans to build a new production facility in Gaffney, Cherokee County, South Carolina. The plant is expected to reach an annual capacity of 3.7 GW (3,700 MW) for Series 6 Plus modules and create more than 600 new jobs. The investment of around USD 330 million increases First Solar’s U.S. capital investments to about USD 4.5 billion. The company expects to provide nearly 18 GW of manufacturing capacity for the U.S. market by 2027. First Solar shares declined 1 percent to EUR 217.0.
Nordex Group Secures Additional Orders from Germany and Ireland
Nordex Group reported additional orders last week from customers in Germany and Ireland. Energy suppliers evm, Stadtwerke Karlsruhe and Thüga Erneuerbare Energien placed an order for the construction of the 77 MW “Schneifelhöhe” wind farm in the Bitburg-Prüm district. Nordex will install eleven N163/6.X turbines. From BMR energy solutions GmbH, Nordex received an order for the delivery and installation of three N163/6.X wind turbines for the “Heinsberg-Boverath” wind farm in North Rhine-Westphalia. The project’s total output is 21 MW, bringing BMR’s orders this year to nearly 110 MW. From Ireland, Nordex received an order for the delivery and installation of twelve N133/4.8 turbines for the Drumnahough wind farm in County Donegal. The joint project by SSE and Futur Energy Ireland will have a capacity of nearly 60 MW. Nordex will also assume long-term maintenance for the projects. The Nordex share, however, did not benefit last week and fell 5.5 percent to EUR 25.64.
Cadeler Significantly Increases Revenue and Profit – Fleet Expanded to Nine Vessels
Danish offshore wind installation company Cadeler A/S achieved strong operational and financial results in the nine-month period from January to September 2025. Revenue for the first nine months rose to EUR 453 million (Jan–Sep 2024: EUR 163 million), an increase of 178 percent. EBITDA climbed to EUR 322 million (Jan–Sep 2024: EUR 70 million), up 360 percent. Net profit rose to EUR 232 million (Jan–Sep 2024: EUR 28 million), an increase of 729 percent. Cadeler shares fell 11.9 percent to EUR 3.34.
Plug Power Secures Major Order and Announces Capital Measure
Plug Power has received one of the largest electrolyzer orders to date in the United Kingdom. Carlton Power selected the U.S. company to supply GenEco PEM electrolyzers with a total capacity of 55 MW for three green hydrogen projects. The projects will be located in Barrow-in-Furness, Greater Manchester and Plymouth. The award remains subject to final investment decisions, expected by late 2025 or early 2026. The state-supported project consortium aims to supply green hydrogen from 2027. Plug Power shares came under heavy pressure last week, losing 13.2 percent to EUR 1.71.
RENIXX Starts the Week on a Positive Note
At the start of the new trading week, the RENIXX is posting gains. The strongest share price increases are recorded by Bloom Energy, Ormat, Xpeng, Sunrun and First Solar. The biggest losses are seen in Northland Power, Xinyi Solar, Green Plains, Solaredge and Vestas.
Source: IWR Online, 25 Nov 2025
