Nordex (1NDX) AI Stock Analysis

Nordex

(Milan:1NDX)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Large order and service baseThe substantial turbine and service backlog provides meaningful revenue visibility beyond a single reporting period. A service fleet exceeding 50 GW and contracts averaging more than 14 years can support recurring cash generation and reduce dependence on new turbine orders.

Negative Factors

History of losses and earnings volatilityNordex’s recent recovery follows several years of losses, showing that earnings remain sensitive to operating conditions and execution. If profitability weakens again, accumulated volatility could pressure equity, reduce investment flexibility, and make cash generation less predictable.

Nordex (1NDX) vs. iShares MSCI Italy ETF (EWI)

Market Cap: EUR 9.95B
Dividend Yield: ―
Average Volume (3M): 291
Price to Earnings (P/E): 22.2
Beta (1Y): 0.62
Revenue Growth: 11.69%
EPS Growth: 564.05%
Country: Italy
Employees: 11,525
Sector: Industrials
Sector Strength: 63
Industry: Industrial - Machinery

Nordex Business Overview & Revenue Model

Company Description

Nordex SE is a global company that designs, produces, and sells large-scale, land-based wind energy turbines. Its operations are divided into two main areas: Projects and Services. The Projects segment focuses on the full lifecycle of wind farm devel...

Nordex Earnings Call Summary

Earnings Call Date:Jul 28, 2026(Q2-2026)|% Change Since:2.10%|Next Earnings Date:May 11, 2023

Earnings Call SentimentPositive

The call presented multiple strong operational and financial improvements: double-digit revenue growth, a materially improved EBITDA margin (10.3% in Q2, +450 bps YoY), robust free cash flow (€165m) and a strengthened balance sheet and financing package (€2.5bn MGF, net cash ~€1.7bn). Order intake and the service book expanded meaningfully (3.1 GW in Q2; >50 GW under service), and management confirmed full-year guidance and midterm margin targets. Key near-term challenges are execution and timing mismatches (installations backloaded, blade delays in Turkey), elevated provisions/receivable impairments (sanitizing of books) and macro/policy uncertainties (tariffs, German grid package, geopolitical risks). Overall, the positive operational momentum and strengthened financial position substantially outweigh the manageable operational and timing risks discussed.

Positive Updates

Strong Order Intake and Pipeline

Order intake of 3.1 GW in Q2, up 32% year-on-year; first half order intake close to 5 GW. Europe accounted for 74% of project order intake; average selling price ~€0.97m/MW stable versus prior year.

Negative Updates

Installations Backloaded and Q2 Decline

Installations totaled 1.2 GW in Q2, down year-on-year due to project scheduling, customer delays and blade-related postponements in Turkey; regional mix effects meant Germany increases did not fully offset declines elsewhere — timing-related shortfall expected to normalize in H2.

Company Guidance

Nordex reconfirmed its 2026 guidance: top‑line growth of 9–11% year‑on‑year and an EBITDA margin range of 8–11% (with “midpoint plus” seen as most likely), while expecting another good year for free cash‑flow generation after Q2 free cash flow of EUR 165m and a net cash position of EUR 1.7bn; management also noted stable working capital (‑8.3% / ‑EUR 663m), a EUR 2.5bn five‑year multi‑guarantee facility (vs prior EUR 1.3bn/3 years), a service EBIT margin of 19.7% (approaching a >20% mid‑term target), and reiterated its mid‑term EBITDA margin objective of 10–12%, all assuming no material geopolitical disruption.

Nordex Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

IT:1NDX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:SIE	74Outperform	EUR 202.50B	26.35	12.21%	1.98%	3.60%	-18.55%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DE:ENR	62Neutral	EUR 106.72B	41.27	25.04%	0.54%	9.00%	175.47%

* Industrials Sector Average

Performance Comparison

IT:1NDX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IT:1NDX	NORDEX AG	37.92	11.94	45.96%
DE:SIE	Siemens Ag (UK)	270.35	31.23	13.06%
DE:ENR	Siemens Energy Ag	130.00	20.97	19.23%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Nordex AI Stock Analysis