Germany's Nordex jumps after BofA upgrades on 'especially attractive' entry point

Nordex SE

07/09/2026 11:00

** Nordex NDXG.DE shares soared 12% after Bank of America upgrades onshore wind turbine maker to "buy" from "hold" on margin upside
** Lifts PT to €54/shr ($62.75), a third higher than co's current share valuation
** Stock's recent underperformance creates an "especially attractive" entry point  - BofA
** Stock down 25% since early May before market open
** Broker sees Germany's drafted regulation package supporting auction volumes and pricing, while rising U.S. orders and stable supply chain also drive upside potential
** "Near-term, we expect FY26 guidance to be narrowed upwards alongside Q3, as Nordex derisks a H2-heavy installation schedule," BofA says
** Notes that regulatory risk from Germany's far-right AfD party is manageable for now
** NDXG, including today's gains, on track for its best day since February
($1 = 0.8605 euros)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))