Nordex stock gets a EUR 59 target before November results

Published on 10/04/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordex stock posted EUR 2.2 billion in Q2 revenue, up 16 percent year over year. Deutsche Bank set a EUR 59 target before November 5 results.

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) stood at EUR 38.380 on Xetra on October 2, 2026, down 0.21 percent from the prior close of EUR 38.460. The latest analyst revision puts a EUR 59 target against the backdrop of a major improvement in second-quarter profitability.

Deutsche Bank raises target

According to Markets Insider on October 2, 2026, Deutsche Bank raised its Nordex price target from EUR 58 to EUR 59 and kept its Buy rating. The bank cited project delays as a reason for expecting no increase to Nordex's 2026 targets, while still expecting strong margins.

Finanznachrichten reported on September 30, 2026, that Jefferies maintained a Buy rating and a EUR 60 price target. Analyst Constantin Hesse expected a solid third quarter but warned that customer delays could weigh on execution.

Q2 margin reaches 10.3 percent

Nordex's Q2 2026 revenue increased 16 percent year over year to EUR 2.2 billion, according to the company's earnings-call transcript published by Yahoo Finance. EBITDA reached EUR 224 million, producing a 10.3 percent margin that was 450 basis points higher than a year earlier, while net profit reached EUR 111 million.

The same transcript shows Q2 order intake of 3.1 GW, up 32 percent year over year, and a combined order book exceeding EUR 18 billion at quarter-end. Nordex also confirmed 2026 guidance for revenue growth of 9 percent to 11 percent and an EBITDA margin of 8 percent to 11 percent.

Orders meet execution risk

Investing.com reported on October 2, 2026, that Nordex had announced orders totaling 273 MW across Germany, France, Portugal, Spain and Austria within several days. The orders support visibility, but customer project delays remain the key counter-factor before the next quarterly update.

November results set the checkpoint

Nordex's next scheduled quarterly statement is November 5, 2026, according to the company's investor-relations portal. The stock's October 2 Xetra level of EUR 38.380 therefore sits below Deutsche Bank's EUR 59 target and Jefferies' EUR 60 target, while the next results will test whether margin gains translate into smoother project execution.