Nordex climbs after Q3 orders rise 30%

Nordex SE

12/10/2026 07:05

** Nordex's NDXG.DE shares rise around 3% in early Frankfurt trade after the onshore wind turbine maker said its third-quarter orders rose 30% year-on-year
** "We had no consensus expectations but increase seems massive even though order income update statements in last months already indicated such an increase," a local trader says
** The trader expects the increased order intake to "overcompensate" for a lower average sales price, which fell year-on-year to €0.90 per MW from €0.93 per MW
** Stock is down roughly 30% since an early May peak

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