Nordex SE Re‑accelerates Wind‑Turbine Order Intake and Receives Major Contracts

Nordex SE, the Hamburg‑based wind‑turbine manufacturer, has resumed upward momentum in its stock after a steep decline earlier in the year. Trading on Xetra, the company’s shares closed at €45.52 on July 2 2026, well below the 52‑week high of €51.70 set on April 26, yet comfortably above the 52‑week low of €17.72 recorded in July 2025. The market value of the firm stands at approximately €11 010 000 000, with a price‑to‑earnings ratio of 36.17.

Surge in Order Book

A series of new contracts announced over the last week have reignited analyst optimism. On July 2, Nordex confirmed a 20‑MW wind park for the Continental tire plant in Korbach, Germany. The project comprises three N175/6.X turbines and will supply renewable energy to the manufacturing facility. This order follows earlier announcements of 30 wind‑turbine contracts from ENOVA and BMR Energy Solutions, amounting to a combined capacity of over 197 MW. The firm has also secured four additional turbines for German wind parks, reinforcing its domestic presence.

The influx of orders is reflected in the market’s sentiment. Jefferies released a research note on July 3, forecasting a “significant recovery” in Nordex’s order intake. The report notes that the company’s recent contracts—especially the Continental deal—signal a rebound in demand after a May sell‑off. Analysts now view Nordex as a beneficiary of Germany’s aggressive renewable‑energy rollout and the broader push for decarbonisation across industry.

Technical Upswing

Technical observers point to a renewed bullish trend in Nordex’s share price. Following a pronounced May decline, the stock has begun to climb again, supported by fresh order announcements. The July 3 articles from Der Aktionär and IT‑Times highlight a growing “euphoria” around Nordex, with analysts projecting that the company’s valuation could approach its 52‑week peak as order volumes continue to swell. The July 3 Investing.com report underscores the divergence in analyst price targets, with a spread of approximately €20, suggesting that some investors remain cautious while others are confident in the firm’s upside.

Outlook

With a robust pipeline and a track record of delivering high‑capacity turbines, Nordex’s prospects appear strong. The company’s focus on the N175/6.X model—deemed highly efficient for mid‑size wind farms—aligns with European demand for scalable renewable solutions. Given the current trajectory of order intake and market sentiment, the firm may be well positioned to sustain its upward trend and potentially reach or surpass its recent highs.