Goldman Sachs raises Nordex target. Nordex stock falls 1.28 percent.

Published on 10/05/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter EBITDA reached EUR 223.80 million. Nordex stock costs EUR 37.88 on October 5, 2026 after EUR 38.37, down 1.28 percent.

Architektonisches Rendering einer Fabrikhalle mit langen Rotorblättern in Produktion — Nordex SE (DE000A0D6554) illustriert durch Architektur-Render einer modernen Rotorblatt-Fabrikhalle mit natürlichem Tageslicht, Illustration mit AI erstellt.

Goldman Sachs raised its Nordex target from EUR 52.60 to EUR 52.80 on October 1, 2026, while keeping a Buy rating, according to finanzen.at. Nordex stock was trading at EUR 37.88 at Lang & Schwarz on October 5, 2026 at 9:36 a.m. CEST, down 1.28 percent versus the prior close of EUR 38.37.

Austria order adds service revenue

Nordex received a 56 MW order from WEB Windenergie in Austria on October 1, 2026, according to Nordex. The project covers eight N175/6.X turbines and includes a 25-year Premium Service agreement, with commissioning scheduled for 2028.

The order matters beyond the 56 MW headline figure because the service contract extends the commercial relationship after installation. It also marks the first use of Nordex's N175/6.X turbine in Austria, giving the company a concrete reference project in that market.

Margins drive the analyst debate

Nordex's second-quarter EBITDA reached EUR 223.80 million, while the EBITDA margin rose to 10.30 percent from 5.80 percent a year earlier, according to Capital.com. Net income reached EUR 111.50 million from EUR 31.00 million in the comparable quarter, giving margin execution a larger role in the valuation discussion.

Goldman Sachs linked its October 1 target increase to better prices and order growth. Deutsche Bank Research raised its target from EUR 58.00 to EUR 59.00, while Jefferies kept its EUR 60.00 target and Buy rating, as reported by 4investors on October 2, 2026. The counter-factor is execution: the same report said project delays could restrict an increase to Nordex's 2026 outlook.

November report sets the next test

Nordex is scheduled to publish its third-quarter 2026 statement on November 5, 2026, with a conference call at 2:00 p.m. CET, according to the company's investor-relations portal. The report will show whether stronger pricing and order intake are translating into sustained margin improvement or whether customer delays are still affecting delivery timing.

Nordex stock remains below targets

At EUR 37.88, Nordex stock stood below the EUR 52.80 Goldman Sachs target and the EUR 60.00 Jefferies target on October 5, 2026. The euro quote was down 1.28 percent from the Lang & Schwarz prior close of EUR 38.37, keeping the November results as the next quantified operating checkpoint.

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