Nordex stock: Berenberg raises target for Nordex stock to EUR 61.00

Published on 10/20/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached EUR 2.19 billion on October 15, 2026. Nordex stock costs EUR 37.90 on October 20, 2026, down 1.40 percent versus the Xetra close.

Analyst target and reporting date

Berenberg raised its Nordex target from EUR 58.00 to EUR 61.00 on October 19, 2026.
Preliminary third-quarter revenue reached EUR 2.19 billion on October 15, 2026.
Nordex stock costs EUR 37.90 at Lang & Schwarz on October 20, 2026 at 5:08 p.m. CEST, 1.40 percent below the Xetra close of October 19, 2026 and 26.70 percent below the 52-week high.
Nordex will publish full third-quarter results on November 5, 2026.

Pop-Art-Comic-Illustration einer Windturbine vor blauem Himmel mit Sonne und Wolken — Nordex SE (DE000A0D6554) im Pop-Art-Comic-Stil: leuchtende Windturbine vor blauem Himmel mit Halbtonpunkten, Illustration mit AI erstellt.

On October 19, 2026, Berenberg raised its Nordex target from EUR 58.00 to EUR 61.00 and kept its Buy rating, according to MarketScreener. The move followed Nordex's improved profitability outlook. The stock was trading at EUR 37.90 at Lang & Schwarz on October 20, 2026 at 5:08 p.m. CEST, down 1.40 percent versus the Xetra close of October 19, 2026.

Third-quarter figures strengthen the case

Nordex's preliminary third-quarter revenue reached EUR 2,187 million, up 28.18 percent from EUR 1,706 million in the third quarter of 2025, while preliminary EBITDA rose to EUR 278 million from EUR 136 million. The company also lifted its full-year 2026 EBITDA margin guidance to 11.5 to 12.5 percent from 8.0 to 11.0 percent, according to its release dated October 15, 2026, published by Nordex.

Nordex stock sits below its yearly high

The EUR 37.90 Lang & Schwarz price stood 26.70 percent below Nordex's 52-week high of EUR 51.70 and 73.38 percent above its 52-week low of EUR 21.86 on October 20, 2026. Trading volume was 140,516 shares at 5:04 p.m. CEST.

Valuation and the next reporting date

Nordex carried a price-to-earnings ratio of 23.15 and a market capitalization of EUR 9.0 billion at 5:04 p.m. CEST on October 20, 2026. The company is scheduled to publish its full third-quarter results on November 5, 2026, according to Nordex.

Comparison with peers

As of October 20, 2026, Nordex was down 1.40 percent, with a price-to-earnings ratio of 23.15 and a market capitalization of EUR 9.0 billion. Vestas Wind Systems (Nasdaq Copenhagen, DKK): down 0.19 percent, price-to-earnings ratio 23.28, market capitalization DKK 182.9 billion. Siemens Energy (Xetra, EUR): down 1.34 percent, price-to-earnings ratio 42.33, market capitalization EUR 112.4 billion.

Target leaves a wide valuation gap

Berenberg's EUR 61.00 target lies 60.95 percent above the EUR 37.90 Lang & Schwarz price. Nordex's upcoming November 5, 2026 report will test whether the preliminary margin improvement carries into the full quarter.

The stock remained 26.70 percent below its 52-week high at the October 20, 2026 market snapshot. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.