Stock Market Week 49/25: RENIXX Little Changed - Plug Power and Bloom Energy Lead - Solaredge, Sunrun and Canadian Solar with Double-Digit Losses
Münster (Germany) - After a strong rebound in the previous week, RENIXX World moved sideways without clear direction in the last trading week. At the close of trading, RENIXX stood slightly above the previous week’s closing price. The best-performing stocks of the week were the fuel cell and hydrogen companies Plug Power and Bloom Energy.
Technical Outlook: RENIXX Targets the 1,200-Point Mark
From the end of 2023 to January 2025, RENIXX moved in a sideways range between 1,000 and 1,200 points. The subsequent drop to 748 points marked a significant intermediate low and continues to represent the key support zone in the longer-term chart.
With rising volatility, the index recently climbed to just under 1,300 points, reaching the upper boundary of the former trading range. Profit-taking then pushed the index sharply lower again, at times close to the 1,000-point mark. After a counter-move last week, the market is now dominated by a neutral sideways trend, confirming the expected short-term scenario. Only a breakout above 1,200 points or a renewed drop below 1,000 points would redefine the overall technical outlook. Year-to-date 2025, RENIXX now stands at +18.4 percent after Friday’s close (previous week: +18.1%).
Corporate News Week 49/25
Plug Power Secures First NASA Contract for Liquid Hydrogen
Plug Power has signed a supply contract with NASA for the delivery of liquid hydrogen. The hydrogen and fuel cell specialist will supply up to 218,000 kilograms of liquid hydrogen to the Glenn Research Center in Cleveland, Ohio, and the Neil A. Armstrong Test Facility in Sandusky, Ohio. It is Plug Power’s first order for supplying liquid hydrogen to the U.S. space agency. The Plug Power share leads the RENIXX, gaining 11.5 percent to €1.94.
Verbund Plans Dividend Boost: €400 Million Special Dividend
Verbund intends to distribute a special dividend of €1.15 per share for fiscal year 2025. The proposal will be submitted to the 2026 Annual General Meeting. The payout would be made in addition to the regular dividend and amount to around €400 million in total. According to Verbund, the step serves “shareholder-oriented capital allocation.” The Verbund share ends the week up 2.3 percent at €64.
Ørsted’s Largest German Offshore Wind Farm Feeds Electricity into the Grid for the First Time
Ørsted and Nuveen have reached a new milestone for offshore wind energy use in Germany at the Borkum Riffgrund 3 offshore wind farm. The 913 MW wind farm has fed electricity into the grid for the first time. The project is nearing completion. With 83 Siemens Gamesa turbines (11 MW each) across an area of 75 km² off the North Sea coast, Borkum Riffgrund 3 is Ørsted’s largest offshore wind farm in Germany. Ørsted shares gain 1.9 percent to €18.60.
Nordex Secures 118 MW Order for Polish Wind Project
Nordex has received an order from an international, unnamed energy producer for 20 N149/5.X turbines. The total capacity of the order is 118 MW. The new contract strengthens Nordex’s position in the growing Polish wind market. To date, the Nordex Group has installed over 600 wind turbines in Poland, representing a total capacity of 1.7 GW. Nordex shares rise 0.3 percent to €25.86.
U.S. Reshoring: Canadian Solar Joint Venture Strengthens Manufacturing and Supply Chain
Canadian Solar has announced a strategic reorganization of its North American activities and will assume direct oversight of U.S. manufacturing and sales of solar modules, solar cells, and battery storage systems. The company is establishing the joint venture CS PowerTech, in which it holds a 75.1 percent stake. In addition, Canadian Solar is taking over certain overseas facilities from its majority-owned subsidiary CSI Solar to support U.S. operations. Canadian Solar shares fall 11.6 percent to €20.59.
RENIXX Declines at the Start of the Week
On the first day of the new week, RENIXX edged lower. The strongest gainers are Daqo New Energy, Xinyi Solar, Grenergy Renovables, Xpeng and Goldwind. The largest losses are recorded by Bloom Energy, Plug Power, Array Technologies, Canadian Solar and Ormat.
Source: IWR Online, 09 Dec 2025
