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

Published on 10/23/2026 at 16:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 28.00 percent to EUR 2.19 billion. Nordex stock costs EUR 36.20 on October 23, 2026, down 2.37 percent versus the Xetra close.

Berenberg target raised

Berenberg lifted its Nordex target from EUR 58.00 to EUR 61.00 on October 19, 2026.
Third-quarter revenue rose 28.00 percent year on year to EUR 2.19 billion.
Nordex stock cost EUR 36.20 at Lang & Schwarz on October 23, 2026 at 4:05 p.m. CEST, down 2.37 percent versus the Xetra close of October 22, 2026.
Nordex will publish complete third-quarter results on November 5, 2026.

Makroaufnahme der glatten weißen Vorderkante eines Windturbinen-Rotorblatts — Nordex SE (DE000A0D6554) in Makroaufnahme: Nahaufnahme der Vorderkante eines weißen Rotorblatts im Sonnenlicht, Illustration mit AI erstellt.

Nordex SE (ISIN DE000A0D6554) received a higher price target from Berenberg on October 19, 2026: the bank raised its target from EUR 58.00 to EUR 61.00 and kept its Buy rating, MarketScreener reported. The target lies 68.51 percent above the EUR 36.20 price. Nordex stock was trading at EUR 36.20 at Lang & Schwarz on October 23, 2026 at 4:05 p.m. CEST, down 2.37 percent versus the Xetra close of October 22, 2026 at EUR 37.08.

Third-quarter growth supports the target

Nordex reported preliminary third-quarter revenue of EUR 2.19 billion, up 28.00 percent from EUR 1.71 billion in the third quarter of 2025. Preliminary EBITDA reached EUR 278.00 million, compared with EUR 136.00 million a year earlier, while the EBITDA margin rose to 12.70 percent from 8.00 percent.

The company also raised its full-year 2026 EBITDA margin guidance to 11.50 percent to 12.50 percent from 8.00 percent to 11.00 percent. The official Nordex release attributed the improvement to higher margins in the Service segment and strong execution in Projects, Nordex said on October 15, 2026.

Nordex sits below its yearly high

The stock remains 29.98 percent below its 52-week high of EUR 51.70 and 65.60 percent above its 52-week low of EUR 21.86. The October 23, 2026 trading volume stood at 110,060 shares at the latest quoted time of 3:59 p.m. CEST.

Valuation and reporting date

Nordex had a price-to-earnings ratio of 22.00 and a market capitalization of EUR 8.5 billion on October 23, 2026. The company is scheduled to publish its complete third-quarter results on November 5, 2026, according to the October 15, 2026 Nordex release.

Comparison with peers

Nordex: down 2.37 percent, price-to-earnings ratio 22.00, market capitalization EUR 8.5 billion.

Vestas Wind Systems (Nasdaq Copenhagen, DKK): down 2.39 percent, price-to-earnings ratio 23.21, market capitalization DKK 182.4 billion on October 23, 2026.

Siemens Energy (Xetra, EUR): down 3.19 percent, price-to-earnings ratio 37.93, market capitalization EUR 100.7 billion on October 23, 2026.

Target reset meets a softer session

Berenberg's higher target gives Nordex a clear valuation reference, while the stock's 2.37 percent decline against the October 22 Xetra close shows that the market reaction on October 23 was weaker than the longer-term earnings case.

The further course of trading is shown by the continuously updated real-time quote of Nordex stock.