Nordex reports 29.5 percent order growth while Nordex stock sits 30.04 percent below its high

Published on 10/14/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Bank raised its target to EUR 59.00 on October 2, 2026. Nordex stock costs EUR 36.17 on October 14, 2026 versus EUR 36.20.

Orders and analyst expectations

Nordex booked 2,810 MW in the third quarter on October 12, 2026, up 29.50 percent year over year.
Deutsche Bank Research lifted its target from EUR 58.00 to EUR 59.00 on October 2, 2026.
Nordex stock trades at EUR 36.17 at 10:36 a.m. CEST at Lang & Schwarz on October 14, 2026, 0.08 percent below the Xetra close of October 13, 2026 at EUR 36.20.
Nordex's next quarterly report is scheduled for November 5, 2026.

Bauhaus-Poster mit geometrischer Windturbine und großer Typografie WIND in Rot und Gelb — Nordex SE (DE000A0D6554) im Bauhaus-Stil: geometrisches Poster mit Windturbinenform und Schriftzug WIND, Illustration mit AI erstellt.

Nordex (ISIN DE000A0D6554) reported 2,810 MW of project orders in the third quarter of 2026, up 29.50 percent from the prior-year quarter on October 12, 2026, while Nordex stock stood 30.04 percent below its 52-week high. The company also recorded 7,733 MW of orders in the first nine months, an increase of 16.10 percent from the prior-year period, according to Nordex.

What does order growth change?

Deutsche Bank Research raised its Nordex target from EUR 58.00 to EUR 59.00 and kept its Buy rating in an analysis dated October 2, 2026, according to FinanzNachrichten. The analyst cited project delays as a hurdle for raising annual targets but expected strong margins ahead of the quarterly report. The order update also showed an average sales price of EUR 0.90 million per MW in the third quarter, versus EUR 0.93 million per MW in the third quarter of 2025, according to Nordex. The combination points to stronger demand alongside a metric that investors will compare with margin delivery.

Three order milestones

On October 6, 2026, Nordex listed 228 MW of new orders across Southern, Central and Eastern Europe, according to Nordex. On October 7, it listed 389 MW of new orders in Türkiye, also according to Nordex. The October 12 update then put third-quarter project orders at 2,810 MW, with 427 turbines ordered across 10 countries, according to Nordex.

Next reporting date is November 5

Nordex's next quarterly report is scheduled for November 5, 2026, according to FinanzNachrichten. That date gives the market a defined checkpoint for the order momentum, average selling price and margin expectations described above.

Stock remains below yearly high

At 10:36 a.m. CEST on October 14, 2026, Nordex was trading at EUR 36.17 at Lang & Schwarz, 0.08 percent below the Xetra close of October 13, 2026 at EUR 36.20. The 52-week range was EUR 21.86 to EUR 51.70 as of October 14, 2026, while market capitalization stood at EUR 8.5 billion. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.