Nordex jumps as onshore wind firm beats forecasts

Nordex SE

27/04/2026 09:10

Updates shares, adds analyst comment

** Nordex NDXG.DE jumps over 12% to lead gainers on Germany's mid-cap index .MDAXI after the onshore wind turbine maker posted core earnings, sales ahead of expectations

** "Good start to the year, profitability above expectations," Citi says, adding it expects the results to give investors confidence on Nordex's margin trajectory over the next 2-3 years

** The German company's first-quarter EBITDA rose 64% from a year ago to 131 million euros ($154 million), beating a company-provided consensus of 112 million euros

** It also reports sales slightly ahead of consensus and up around 10% year-on-year

** "Growing demand for electricity due to AI, e-mobility, heat pumps etc. certainly plays into the hands of companies such as Nordex," Metzler says, noting the company's exposure to Germany as a potential risk given constraints in grid build-out

** Nordex up over 70% YTD

 (Reporting by Danny Callaghan)

 ((danny.callaghan@thomsonreuters.com))