Opportunities in Wind, Hydrogen, and Long-Term Vision: Where Are Nordex, Nel ASA, and RE Royalties Headed?

Nel ASA Seeks a Foothold for a Breakout and Nordex with a Wind Turbo

The renewable energy market is showing great contrast this spring of 2026. Anyone looking at the hydrogen specialist Nel ASA immediately recognizes that the era of big dreams has, for now, given way to a harsh reality check. The stock remains in a downward trend that has lasted several months, one that has already worn down many market participants. The burning question is when the turnaround—the breakout to the upside—will finally begin, as the downward trend does not yet appear to have been fully broken. For investors, Nel ASA thus remains a test of patience, requiring close observation to see whether a solid floor will form in the coming weeks or whether skepticism regarding profitability in the hydrogen sector will continue to prevail. It is a classic situation in which the technology's potential is undisputed, yet the technical chart conditions call for caution. The EUR 0.24 level plays a crucial role here from a technical perspective. If the price climbs above it, the probability of a breakout is quite high. In that case, prices of EUR 0.30 or even EUR 0.40 should also be possible.

The situation is somewhat, if not almost entirely, different for wind power giant Nordex. Here, the mood is almost euphoric after the company turned heads at the start of the week with outstanding quarterly figures. The turbine manufacturer exceeded expectations across the board and impressively demonstrated that the trend toward green energy is translating into hard numbers. The stock subsequently climbed further, underscoring its status as one of the MDAX's top performers. Analysts reacted promptly, outdoing one another with new price targets. Jefferies raised the fair value to EUR 57, citing the significantly improved quality of the order backlog and rising profitability in the service business. Goldman Sachs also sees further potential, targeting EUR 53.20, while Deutsche Bank is even more optimistic, targeting EUR 59. Nordex seems virtually unstoppable at the moment, as the margin trend remains intact and high demand for wind turbines is boosting business. Investors who have been in the stock since the end of 2025 are already looking at gains of over 100%, which illustrates the enormous momentum of this stock. For Nordex, the saying holds: The trend is your friend.

RE Royalties: Strategic Shift and Targeted Investments

While Nordex builds the wind farms, RE Royalties is laying the financial foundation for the energy transition, pursuing a path that could soon become quite lucrative for shareholders. The Vancouver-based company recently announced a formal review of its strategic alternatives, which caused a stir among industry experts. This step, announced in March 2026, is a natural next step after eleven years of successful business operations. The board is examining a wide range of possibilities, including the sale of the company, strategic partnerships and capital structure optimization. It is a proactive approach to optimize and maximize shareholder value, thereby positioning the platform for future growth in the best possible way. Management is signalling that RE Royalties is ready for the next stage of corporate development. This should generally not be detrimental to shareholders.

In this context, it is particularly interesting to look at the current portfolio and recent transactions. As early as February 2026, the company announced that it had invested an additional tranche of USD 800,000 in a solar portfolio from Solaris Energy. This is part of a larger commitment that could ultimately reach a volume of up to USD 9 million. RE Royalties relies on a revenue-based royalty model, enabling financing without the usual share dilution. Solaris Energy's projects, spread across various US states such as California, Maine, and Colorado, provide a solid foundation for long-term recurring revenue. With a portfolio of over 100 royalties across solar, wind, hydroelectric power, and battery storage, the company has achieved a level of diversification virtually unique in the sector. The fact that the company has paid dividends for 25 consecutive quarters underscores the stability of this business model.

Technical Breakout and the Outlook Toward the CAD 0.60 Mark

From a technical analysis perspective, there is currently a signal at RE Royalties that could catch the attention of many investors. The stock has now fully closed the significant price gap from February 2026 at CAD 0.36. This is positive, as in the world of technical analysis, this is a favourable development, since it neutralizes a certain downward "pull." It almost seems as though a barrier that had been holding the price down for a long time has been removed. Now that this gap has closed, the path is clear to surge upward with renewed energy. The stock could now pick up significant momentum again and set its sights on higher price levels.

Of course, there are still some obstacles on the way up. A key resistance level lies between CAD 0.44 and 0.45. Should the stock manage to sustainably break above this level, the path upward would be clear from a technical perspective. The next major target would then be in the region around CAD 0.60. Given the large backlog of potential transactions, RE Royalties is currently reviewing investments worth an additional USD 200 million; the foundation for such a price rally may well be in place. The combination of a disciplined investment policy, a proven royalty model, and the strategic review now underway makes RE Royalties a very attractive play in the green finance sector.

Conclusion: 3 Stocks for Green Energy Success

In summary, each of the three companies is currently in a completely different phase. Nel ASA remains the problem child, with investors waiting for an end to the downturn and a breakout, even though the technology remains indispensable in the long term. Nordex, on the other hand, is the industry's powerhouse, racing from record to record, with its positive margin development delighting analysts. It is a momentum stock par excellence, where demand for clean energy is directly translated into profit growth.

RE Royalties, on the other hand, offers an exciting mix of stability and strategic potential. Closing the price gap at CAD 0.36 and the ongoing strategic review could be the catalyst the stock needs for its next big leap. While the Solaris investment ensures steady cash flows, the potential realignment of the entire group could lead to a revaluation. Those looking for a somewhat more defensive yet still high-growth opportunity to participate in the energy transition will find in RE Royalties a stock that, from today's perspective, offers solid prospects for the coming months. The course is set for a move toward the CAD 0.60 mark, provided the next resistance levels can be overcome with the momentum of the new strategy.