Nordex SE: Progress on the Pestera II Wind Project and Market Dynamics

1. Turbine Manufacturing Commences

On 27 June 2026, Nordex SE announced the start of turbine fabrication for the 392‑MW Pestera II wind farm in Romania. The initiative follows the contract signed in the fourth quarter of 2025, confirming Nordex’s commitment to the project. Manufacturing activities are coupled with initial site‑preparation work, positioning the company to deliver the first units in the coming months. This milestone is corroborated by multiple industry outlets, including Windkraft‑Journal, Finanznachrichten, and EQS‑News, which reported the commencement of production and preparatory work.

2. Project Significance

Pestera II represents a major addition to Nordex’s offshore and onshore portfolio. With a total capacity of 392 MW, the farm will contribute significantly to Romania’s renewable energy targets and will enhance Nordex’s presence in the Eastern European market. The project’s scale aligns with Nordex’s expertise in producing wind turbines, blades, and control systems, reinforcing its position as a leading supplier in the electrical equipment sector.

3. Stock Market Context

  • Last Trading Price (25 June 2026): €44.06
  • 52‑Week Range: €16.62 (low) – €51.70 (high)
  • Market Capitalisation: €10.54 billion
  • Price‑to‑Earnings Ratio: 34.42

Despite the positive development at Pestera II, the Nordex share experienced volatility. Reports from Boersennews and Nebeneinwerte‑Magazin indicated that profit‑taking activity, coupled with short‑selling pressure (noted in the Bundesanzeiger), caused the stock to oscillate around key resistance levels. The short‑selling notice, linked to ISIN DE000A0D6554, suggests that institutional traders are reassessing the company’s valuation amidst the ongoing project rollout.

4. Market Sentiment and Analyst Views

Analysts have highlighted the timing of the share’s decline, noting that the withdrawal of capital could undermine investor confidence. However, the company’s continued progress on Pestera II, coupled with its established track record in wind turbine manufacturing, may counterbalance short‑term market swings. The sustained manufacturing start, as reported by Avanza and Renews.biz, reinforces Nordex’s operational momentum.

5. Conclusion

Nordex SE’s initiation of turbine production for the Pestera II wind farm marks a pivotal step in its expansion strategy, particularly within the Romanian renewable energy sector. While the share price has shown short‑term volatility due to profit‑taking and short‑selling activities, the company’s fundamental strengths in electrical equipment manufacturing and its growing project portfolio suggest a resilient long‑term outlook.