Nordex Surges, Sainsbury Drops, Cint Offer
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Nordex surges as much as 11%, reaching the highest since May 2002, after the renewable-energy equipment firm beat expectations in the first quarter of the year. Guidance for the full-year is maintained, but Citi says there may be room for some consensus upgrades and that these results provide confidence on the margin trajectory.
- Sainsbury drops as much as 4.8% as Goldman double-downgrades to sell on macro headwinds, and Citi lowers its rating on the UK supermarket chain to neutral on weaker than expected Ebit guidance for 2027.
- Cint says a group of bidders has offerd SEK5.6 per share to buy the company, in a deal valuing all the shares at SEK1.99b. The Offer is not subject to any financing conditions and all members of the consortium will contribute cash financing for the purposes of the offer
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