Nordex jumps after Q2 earnings beat

Nordex SE

29/07/2026 07:50

**Shares in Nordex NDXG.DE rise 4.8% in early Frankfurt trade after the onshore wind turbine maker reported significantly better-than-expected Q2 earnings
** The German company's Q2 EBITDA roughly doubles y/y to €224 million ($255.36 million)
** Citi says EBITDA beats consensus by 19%, while EBITDA margin is 130 basis points above Street expectations
** Nordex also confirms FY outlook, which, Citi says, may "take the shine off a strong result"
** The broker adds that management suggested in a feedback call that Nordex could achieve "midpoint plus" of its FY EBITDA margin target
** The stock gained about 28% YTD as of Tuesday's close
     
($1 = 0.8777 euros)

(Reporting by Kira Britten and Danny Callaghan)
((Kira.Britten@thomsonreuters.com))