Nordex stock gains 2.55 percent after 175 MW order

Published on 09/30/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America raised its Nordex target to EUR 54.00 on September 15, 2026. Second-quarter EBITDA reached EUR 223.8 million as the margin rose to 10.3 percent.

Isometrische Explosionszeichnung einer Windturbine mit Turm, Gondel, Getriebe und Rotorblättern — Nordex SE (DE000A0D6554) als isometrische 3D-Explosionszeichnung einer Windkraftturbine mit Turm, Gondel und Rotorblättern, Illustration mit AI erstellt.

Nordex stock (ISIN DE000A0D6554) was trading at EUR 39.84 at Lang & Schwarz on September 30, 2026 at 10:12 a.m. CEST, up 2.55 percent from the EUR 38.85 prior close. The move followed a fresh 175 MW order announcement covering France, Portugal and Spain, as FT.com reported on September 30, 2026.

175 MW order adds visibility

The contracts cover the supply and installation of 34 wind turbines and include multi-year service agreements. Nordex expects installation and commissioning between 2027 and 2028, giving the announcement a longer delivery horizon than a single project milestone.

The order arrives after a series of contracts in Europe and the United States. The latest announcement does not disclose customer or wind farm names, but it specifies turbine models ranging from the N131/3.6 to the N175/6.X.

Quarterly margin reaches 10.3 percent

Nordex generated EUR 2.2 billion in second-quarter revenue, up 16.3 percent from the prior-year quarter, according to Borse Express on September 11, 2026. EBITDA reached EUR 223.8 million, lifting the EBITDA margin from 5.8 percent to 10.3 percent year over year.

The figures put profitability ahead of the revenue increase. Nordex also reported an order book of EUR 18.4 billion at the end of the first half, while its 2026 revenue guidance remains EUR 8.2 billion to EUR 9.0 billion.

Analyst targets stay above EUR 50

Bank of America raised its Nordex rating from Neutral to Buy and lifted its price target from EUR 50.00 to EUR 54.00 on September 15, 2026, according to Investing.com. Citi also moved to Buy and raised its target from EUR 48.00 to EUR 50.00.

Investing.com lists October 30, 2026 as Nordex's next quarterly reporting date. The market will then measure whether the improved 10.3 percent second-quarter EBITDA margin carries into the second half.

Nordex stock gains 2.55 percent

Nordex stock was trading at EUR 39.84 at Lang & Schwarz on September 30, 2026 at 10:12 a.m. CEST, up 2.55 percent versus the EUR 38.85 prior close at Lang & Schwarz on September 29, 2026. Nordex is listed on the Frankfurt Stock Exchange and belongs to the MDAX and TecDAX.