Added to YB: 2026-09-28
Pitch date: 2026-09-24
NDX.DE [neutral]
Nordex SE
+2.47%
current return
Author Info
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Company Info
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines in Europe, North America, Latin America, and internationally.
Market Cap
EUR 9.6B
Pitch Price
EUR 38.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.67
P/E
25.67
EV/Sales
1.02
Sector
Electrical Equipment
Category
growth
Nordex (NDX1 Germany): German regulation overshadows a strong market
NDX.DE (update): Nordex remains confident in its 2026 guidance and 10-12% through-cycle group EBITDA-margin objective, supported by large German, Turkish and North American wind pipelines, while Nordex expects the Service division’s EBIT margin to exceed 20% over time. The main near-term uncertainty is Germany’s proposed remuneration and grid rules, including uncompensated curtailment potentially affecting 18-20% of annual electricity production, with clarity expected around late October or early November.
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