Nordex stock trades at EUR 38.78 with minus 0.36 percent

Published on 09/29/2026 at 14:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordex stock was at EUR 38.78 at Lang & Schwarz on September 29, 2026, minus 0.36 percent versus the Xetra close of EUR 38.92. Second-quarter EBITDA reached EUR 223.8 million.

Windpark mit mehreren Windkraftanlagen bei Sonnenaufgang über grünen Hügeln — Nordex SE (DE000A0D6554) symbolisiert durch fotorealistischen Windpark bei goldenem Sonnenaufgang über grünen Hügeln, Illustration mit AI erstellt.

Nordex stock (ISIN DE000A0D6554) was trading at EUR 38.78 at Lang & Schwarz on September 29, 2026, minus 0.36 percent versus the Xetra close of EUR 38.92 on September 28, 2026. The company announced a 42 MW German wind farm order from Navaris on September 29, 2026, adding a concrete project catalyst to the latest trading picture.

42 MW order adds visibility

According to Nordex on September 29, 2026, Navaris ordered the supply and installation of four N163/6.X turbines and two N175/6.X turbines for the Lambacher Hoeh project in Rhineland-Palatinate. The contract also includes a 20-year Premium Service agreement, extending the commercial relationship beyond turbine delivery.

Installation is scheduled for January 2028, while full commissioning is planned for July 2028. The timing means the order supports future execution visibility rather than near-term quarterly revenue, a distinction that matters after the stock's strong run over the past year.

Margins remain the key test

Capital.com reported that Nordex generated second-quarter EBITDA of EUR 223.8 million on July 29, 2026, lifting the EBITDA margin to 10.30 percent from 5.80 percent in the prior-year quarter. Net income reached EUR 111.5 million in the same quarter, giving the order news a profitability backdrop rather than a purely volume-based story.

The analyst picture is constructive but divided. According to Investing.com on September 22, 2026, Bank of America raised its target from EUR 50.00 to EUR 54.00 and upgraded Nordex from Neutral to Buy on September 15, 2026. Citi also moved to Buy and raised its target from EUR 48.00 to EUR 50.00.

The spread between the EUR 54.00 Bank of America target and the EUR 36.00 RBC target shows why execution remains central to the valuation debate. Nordex must convert its order book and higher margin into sustained earnings growth for the more optimistic targets to remain credible.

Next report is scheduled for November

The investor-relations calendar lists November 5, 2026, for Nordex's Q3 2026 quarterly statement and conference call, with a webcast at 2:00 p.m. CET, according to Nordex. That date gives investors a defined checkpoint for testing whether the 10.30 percent second-quarter margin can persist through the second half.

Nordex stock holds at EUR 38.78

Nordex stock was trading at EUR 38.78 at Lang & Schwarz on September 29, 2026 at 2:31 p.m. CEST, minus 0.36 percent versus the Xetra close of EUR 38.92 on September 28, 2026.