Nordex SE stock (DE000A0D6554): RBC cuts target to EUR 35

Nordex SE fell back into focus on Friday after RBC cut its price target to EUR 35 from EUR 38 and kept an Underperform call on the German wind turbine maker.

Nordex SE was in focus in Germany on 06/05/2026 after RBC Capital Markets cut its price target to EUR 35 from EUR 38 and kept an Underperform rating, according to dpa-AFX and MarketScreener. The move gave investors a fresh valuation read on the Hamburg-based turbine maker, which trades on Xetra in EUR and carries ISIN DE000A0D6554.

The stock traded at EUR 17.48 on 06/05/2026 on Xetra, according to MarketScreener as of 06/05/2026. In the German market, that pricing keeps Nordex well below RBC's revised target and makes the note a clear valuation headline for the day's session.

As of: 06/05/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Nordex
• Sector/industry: Wind turbine systems and services
• Headquarters/country: Hamburg, Germany
• Core markets: Europe, Latin America, North America, selected APAC markets
• Key revenue drivers: Turbine sales, project execution, service contracts
• Home exchange/listing venue: Xetra (NDX1)
• Trading currency: EUR

Nordex SE: core business model

Nordex SE designs, manufactures and services onshore wind turbines, with revenue mainly tied to turbine deliveries, project execution and a recurring service base that can help smooth demand swings across cycles.

Valuation metrics and multiples for Nordex SE

RBC's revised view on 06/05/2026 places the stock's valuation at the center of the discussion, with the bank now targeting EUR 35 after previously citing EUR 38, while keeping its Underperform stance. That is the kind of change that often shifts attention from short-term trading to where the market is pricing future order intake, margins and execution versus peer expectations.

For German investors, the home-country angle remains straightforward: Nordex is listed in Frankfurt via Xetra and priced in EUR, so the RBC note is being read first through the domestic equity lens rather than as a global wind sector event.

Conclusion

RBC's cut to EUR 35 from EUR 38, paired with an Underperform view, gives Nordex a clear valuation-driven headline on 06/05/2026. The market reaction on Xetra and the revised target are the key reference points for gauging whether investors treat the note as a short-term trading catalyst or mainly as a reassessment of longer-term expectations.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.