Nordex rises on 'strong'  Q2 orders

Nordex SE

09/07/2026 08:53

** Nordex NDXG.DE shares rise 4.6% after the onshore wind turbine manufacturer reported a stronger-than-expected Q2 order intake
** The German company said its orders in the April to June period rose by nearly a third year-on-year, totalling 3,054 gigawatts

    ** Jefferies says the order intake was strong and came in 25% ahead of consensus
  
** "With solid execution supporting continued strong profitability, we see the recent weakness in the share price (due mostly to macro) as an attractive entry point," the brokerage says
** Jefferies also sees 800 megawatts of U.S. orders in Q2 as further upside on last year's record intake
** Nordex is to publish its full Q2 earnings on July 29
** The stock is among top gainers on Germany's mid-cap index .MDAXI

    ** Shares in Danish peer Vestas VWS.CO rise 1% in morning trade
  

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