Key insights
- Nordex secured significant US orders totaling 484 MW, boosting its North American presence. Goldman Sachs reiterated a positive outlook with a price target suggesting a new 52-week high. While the company-specific news drove Nordex's rally, a constructive global market backdrop, including positive US equity performance, provided additional support. This suggests continued strength in the renewable energy sector and positive sentiment for companies expanding in the US market.
Investing.com -- Nordex stock rose 2.2% to trade at €48.77 after the Hamburg-based wind turbine manufacturer disclosed three new orders in the United States totalling 484 megawatts, reinforcing its growing commercial presence in North America.
The package comprises 32 turbines of the N133/4.8 model representing roughly 154 MW, alongside 56 N163/5.X turbines accounting for approximately 330 MW across two separate projects, with the identities of the customers and project names not disclosed.
Adding further momentum, Goldman Sachs analyst Ajay Patel weighed in on the announcement, noting that the US orders underscore Nordex’s progress in that market and serve as a valuable complement to its even more profitable German business.
Patel views the entire onshore wind industry as continuing to trend positively and holds a price target of €53.20 on the stock — a level that would represent a new 52-week high above the current peak of €51.70.
The broader market environment provided a constructive backdrop for today’s move, with the DAX trading above the key 25,000-point threshold supported by easing geopolitical tensions in the Middle East. US equity markets also contributed to the positive risk tone, with the S&P 500 advancing 1.1% and the NASDAQ climbing 1.9%.
Within the German renewable energy space, performance was mixed, with Nordex’s company-specific order catalyst clearly differentiating it from sector peers such as Vestas, Siemens Gamesa, and GE Vernova.
Taken together, the combination of a substantial and strategically meaningful US order announcement, supportive analyst commentary from Goldman Sachs, and a broadly favorable macro environment helped propel Nordex shares to a session high of €49.23 — putting the stock within striking distance of its 52-week high and extending what has become a sharp recovery from the monthly low.
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