Nordex Shares Climb 3.8% as Turkish Order Book Swells Ahead of Q3 Update
Published on 10/10/2026 at 04:40 | Editorial boerse-global.de
Nordex closed Friday's Xetra session at EUR 35.66, up 3.8%, as investors shrugged off a cautious sector note from RBC and focused instead on a steady stream of turbine orders landing in Europe and Turkey.
The gain offered a measure of relief for shareholders, though it does little to repair the damage of recent sessions. Over the trailing seven days, the wind turbine manufacturer's stock is still down 6.8%. Friday's advance came without any company-specific catalyst, yet the shares ranked among the day's strongest performers in the regular market, according to media reports.
RBC Flags Policy Risk on Home Turf
RBC's analyst set a EUR 36 price target on Nordex, acknowledging improving revenue momentum across the industrial goods sector while cautioning that political requirements governing the company's operations in its German home market could weigh on the business.
That measured stance contrasts with a more constructive mood elsewhere on the Street. Bank of America upgraded the stock roughly a month ago, and Berenberg reaffirmed its buy rating about two weeks back. Even so, the shares have given back ground since those calls.
Should investors sell immediately? Or is it worth buying Nordex?
Turkey and Europe Deliver Fresh Capacity
The order flow tells a more upbeat story. On Wednesday, Nordex disclosed contracts from Turkey covering 389 megawatts, spanning 56 units from its Delta4000 platform along with multi-year service and maintenance agreements. Installation and commissioning of the turbines will be phased across 2027 and 2028.
A day earlier, the company had announced orders from Southern, Central and Eastern Europe totaling roughly 228 megawatts across 35 turbines. Those contracts carry long-term service commitments running as long as 25 years. Nordex did not identify the customers or individual projects involved.
For turbine makers, such service arrangements are more than an add-on. They generate recurring revenue independent of turbine construction and improve visibility across the full life of a wind farm, cushioning the cyclical swings inherent to project-based work and feeding a steadier stream of cash over decades.
Nordex at a turning point? This analysis reveals what investors need to know now.
Austrian Repowering Adds to the Pipeline
Nordex's European expansion continued on October 1, when it secured a 56-megawatt order from WEB Windenergie AG in Austria. The Auersthal RI repowering project will use N175/6.X turbines, with commissioning slated for 2028.
Attention now turns to how these individual wins aggregate. Nordex will publish its third-quarter 2026 order intake on October 12, followed by full financial results on November 5. Those releases should clarify whether the new-business momentum extends beyond the recent string of announcements.
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