Nordex SE Reports Strong Order Intake in Q3 2026

Hamburg, 13 October 2026 – Nordex SE, a German manufacturer of wind‑turbine components, announced that its order intake for the third quarter of 2026 rose markedly compared with the same period last year. The company, which designs, produces, installs and maintains wind turbines, blades and control systems, has seen its sales volume increase across key markets, notably Turkey, Germany and the United States.

Order Growth and Market Response

  • Order intake up 16 %–30 % compared to the previous year, according to multiple market‑research and brokerage reports.
  • Analysts from Berenberg, Jefferies and Citi issued positive upgrades, citing the unexpected lift in orders and the company’s ability to meet international demand.
  • The stock, trading on Xetra at €36.80 on 11 October 2026, experienced a short‑term dip to a six‑month low on Thursday but recovered to a 2 % gain early the next week, positioning it among the top performers in the MDAX.

Geographic Drivers

  • Turkey and the United States were highlighted as the most dynamic growth markets, contributing significantly to the overall increase in orders.
  • Domestic sales in Germany also improved, supporting Nordex’s revenue base.

Analyst Outlook

  • Citi reiterated its buy recommendation after noting a 13 % increase in Q3 ordering above expectations.
  • Berenberg and Jefferies confirmed that the robust order flow signals a potential rally in the share price, with analysts suggesting that the current price may still be attractive relative to the company’s 52‑week high of €51.70.

Financial Context

  • Nordex’s market capitalisation stands at €8.58 billion.
  • The price‑to‑earnings ratio is 22.84.
  • The company’s recent performance aligns with its 52‑week high, indicating a possible upward trend if the order momentum sustains.

Implications for Investors

The surge in orders reflects a strong demand for wind‑energy solutions and positions Nordex to potentially increase its production capacity and market share. While the share price has shown volatility, the consensus among leading research houses suggests that the current valuation offers a favourable entry point for investors seeking exposure to the growing renewable‑energy sector.