Nordex Shares Climb After Reporting 32% Jump in Q2 Orders

Shares of Nordex (NDXG) gained 4.6% to €42.37 after the wind turbine manufacturer announced a sharp acceleration in demand for the second quarter of 2026, surpassing analyst expectations. The positive report, released before the market open, was further bolstered by a supportive analyst note and a broader rally in European equities.

Order Intake Beats Expectations

Nordex reported that its Projects segment secured new orders totaling 3,054 megawatts (MW) in the second quarter of 2026. This represents a 32.2% increase from the 2,310 MW reported in the same period a year earlier, according to the company's release.

Key takeaways from the report include:

• First-half 2026 order intake reached 4,923 MW, a 9.6% rise from the first half of 2025.
• The average sales price per megawatt held steady at €0.97 million.

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This stable pricing is a crucial signal for investors, indicating that the company is achieving significant volume growth without sacrificing pricing discipline, a key factor for profitability in the capital-intensive manufacturing sector.

Analyst Endorsement and Market Context

The strong order figures prompted a positive reaction from the analyst community. Berenberg maintained its Buy rating on Nordex with a price target of €57. In a note, analyst Richard Dawson highlighted that the order intake exceeded consensus estimates and projected that Germany and the U.S. would remain key drivers of demand.

Nordex's gains were supported by a positive day for the broader market, with Germany's DAX index rising 0.5%. The stock's advance also marks a recovery from recent weakness, as shares had pulled back from a 52-week high of €51.70. The strong operational data provides a timely reminder of the company's robust demand pipeline ahead of its next full earnings report.