Nordex Adds Dutch Tower Technology and Albanian Foothold as Goldman, Barclays Revise Targets

Published on 11/12/2026 at 05:02 | Editorial boerse-global.de

Nordex agreed to acquire C1 Connections and won an 84 MW Albania order; Q3 EBITDA was EUR 278.2 million as Goldman and Barclays raised targets.

Nordex, Adds, Dutch, Tower, Technology, Albanian, Foothold, Goldman, Barclays, Revise Illustration mit AI erstellt.

Nordex has moved on two fronts this week: the German turbine maker agreed to acquire Dutch engineering firm C1 Connections, and it secured its first order in Albania. The C1 deal covers the company's patented tower connection technology for onshore applications, along with intellectual property rights, know-how and a core team. Financial terms were not disclosed. Offshore activities are excluded from the transaction.

The C1 Wedge Connection technology is intended to deepen Nordex's engineering capabilities in onshore tower construction. Investors took the news in stride — the stock gained 0.5% to EUR 41.98.

Albanian Debut With VERBUND

Separately, VERBUND awarded Nordex a contract on Monday to supply and install twelve turbines at the Spille wind farm in Albania, with a combined capacity of 84 MW. It marks the company's first entry into the Albanian market. The order includes a premium service agreement running 15 years, and commissioning is scheduled for spring 2028. The units to be delivered are of the N163/6.X type. Reuters characterized the robust demand as a tailwind for the company.

Should investors sell immediately? Or is it worth buying Nordex?

Third-Quarter Figures Underpin the Case

For Q3 2026, Nordex reported EBITDA of EUR 278.2 million and an EBITDA margin of 12.7%. Net income came in at EUR 147 million, while free cash flow reached EUR 379 million. The shares had risen 0.6% in the prior session.

Analysts Adjust Their Models

Goldman Sachs raised its price target for Nordex on Monday from EUR 52.80 to EUR 53.50 and reiterated its buy rating. Analyst Ajay Patel aligned his estimates with the strong third quarter. Barclays also lifted its target that same day, from EUR 36 to EUR 38, though it kept a more guarded stance with an "Equal Weight" rating. Analyst Vlad Sergievskii pointed to mounting risks despite the solid quarterly report.

Nordex Stock: New Analysis - 12 November

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