RBC keeps EUR 36 target for Nordex stock: it falls 4.08 percent

Published on 10/15/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordex booked 2,810 MW in third-quarter 2026, up 29.5 percent year over year. Nordex stock costs EUR 33.59 on October 15, 2026 versus Xetra close.

Orders and analyst caution

Nordex booked 2,810 MW of orders in the third quarter of 2026 on October 12, 2026.
RBC kept its EUR 36.00 target and Underperform rating on October 9, 2026.
Nordex stock trades at EUR 33.59 at 10:37 a.m. CEST at Lang & Schwarz on October 15, 2026, 4.08 percent below the Xetra close of October 14, 2026.
Nordex has a EUR 7.9 billion market capitalization as of October 15, 2026.

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 (ISIN DE000A0D6554) was trading at EUR 33.59 at Lang & Schwarz on October 15, 2026 at 10:37 a.m. CEST, 4.08 percent below the Xetra close of October 14, 2026 at EUR 35.02. The latest analyst signal came from FinanzNachrichten on October 9, 2026, which reported that RBC kept an Underperform rating and a EUR 36.00 price target. Nordex stock is therefore trading below that target while the company heads toward its next quarterly statement.

RBC flags a EUR 36 target

RBC analyst Mark Fielding cited political risks for Nordex in the German market and kept the EUR 36.00 target on October 9, 2026, according to FinanzNachrichten. The target is 7.18 percent above the Lang & Schwarz price, calculated against EUR 33.59, but the rating highlights a counterweight to Nordex's strong order flow.

Deutsche Bank Research took the opposite stance on October 2, 2026, raising its Nordex target from EUR 58.00 to EUR 59.00 while retaining Buy, as reported by FinanzNachrichten. The split between the EUR 36.00 and EUR 59.00 targets puts project execution and margins at the center of the upcoming report.

Three order milestones in 2026

Nordex's recent order chronology shows a widening project base: on October 1, 2026, it announced a 56 MW Austrian order; on October 7, 2026, it reported 389 MW of orders in Türkiye; and on October 12, 2026, third-quarter Projects order intake reached 2,810 MW, up 29.5 percent from 2,170 MW a year earlier, according to Nordex. The nine-month total reached 7,733 MW, 16.1 percent above the 6,661 MW recorded in the same period of 2025.

What does order intake mean for margins?

The volume gain came with an average sales price of EUR 0.90 million per megawatt in the third quarter of 2026, versus EUR 0.93 million per megawatt in the third quarter of 2025, according to Nordex. That 3.23 percent decline makes the next earnings release important: higher volumes must translate into better capacity utilization without eroding pricing.

Next reporting date and stock value

Nordex lists its next quarterly statement for November 5, 2026, with a conference call at 2:00 p.m. CET, according to its investor-relations calendar. The company is valued at EUR 7.9 billion, while its 52-week range runs from EUR 21.86 to EUR 51.70 as of October 15, 2026.

Nordex stock was trading at EUR 33.59 at Lang & Schwarz on October 15, 2026 at 10:37 a.m. CEST, 4.08 percent below the Xetra close of October 14, 2026 at EUR 35.02. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.