Berenberg raises target for Nordex stock to EUR 61.00

Published on 10/26/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordex guides to 11.50 to 12.50 percent EBITDA margin for 2026. Nordex stock costs EUR 36.75 on October 26, 2026, plus 1.07 percent versus Xetra close.

Analyst target and reporting date

Berenberg raised its Nordex target from EUR 58.00 to EUR 61.00 on October 19, 2026.
Nordex expects a full-year 2026 EBITDA margin of 11.50 to 12.50 percent, up from 8.00 to 11.00 percent.
Nordex stock costs EUR 36.75 at Lang & Schwarz on October 26, 2026 at 4:39 p.m. CET, 1.07 percent above the Xetra close of October 23, 2026.
Nordex will publish its third-quarter 2026 results on November 5, 2026.

Nordex, DE000A0D6554, Illustration mit AI erstellt.

Nordex SE (ISIN DE000A0D6554) has drawn a higher valuation target from Berenberg, which lifted its price target from EUR 58.00 to EUR 61.00 on October 19, 2026, while retaining its Buy rating, as reported by MarketScreener. The target lies 65.99 percent above the EUR 36.75 Lang & Schwarz price. Nordex was trading at EUR 36.75 at Lang & Schwarz on October 26, 2026 at 4:39 p.m. CET, 1.07 percent above the Xetra close of October 23, 2026.

Margin guidance moves higher

The stronger analyst view followed Nordex's preliminary third-quarter update dated October 15, 2026. In the release carried by MarketScreener, Nordex raised its full-year 2026 EBITDA margin guidance to 11.50 to 12.50 percent from 8.00 to 11.00 percent. Preliminary third-quarter EBITDA margin was 12.70 percent, compared with 8.00 percent in the third quarter of 2025.

The comparison matters because the new range starts 3.50 percentage points above the previous lower bound and ends 1.50 percentage points above its former upper bound. Nordex attributed the improvement to higher Service margins and stronger project execution, while earlier risks in the Projects segment did not materialize to the expected extent.

How far is the stock from its high?

Nordex traded within a EUR 21.86 to EUR 51.70 52-week range as of October 26, 2026. The Lang & Schwarz price stood 28.92 percent below the 52-week high, while the stock was up 24.86 percent since the start of 2026. The market capitalization was EUR 8.7 billion, and the price-to-earnings ratio was 22.35.

Results date and peer valuation

Nordex will publish its third-quarter 2026 results on November 5, 2026, according to the company calendar shown by Nordex. The release will provide the first full report after the preliminary margin update and should clarify how the higher profitability translated into revenue and cash flow.

Comparison with peers

Nordex: plus 1.07 percent versus the Xetra close, price-to-earnings ratio 22.35, market capitalization EUR 8.7 billion.

Vestas Wind Systems (Nasdaq Copenhagen, DKK): plus 0.65 percent, price-to-earnings ratio 23.36, market capitalization DKK 183.5 billion.

Siemens Energy (Xetra, EUR): plus 4.52 percent, price-to-earnings ratio 39.83, market capitalization EUR 105.5 billion.

What comes next for Nordex?

The November reporting date is the next concrete checkpoint for the higher margin outlook. For investors, the key comparison will be whether reported third-quarter profitability confirms the 12.70 percent preliminary margin and supports the 11.50 to 12.50 percent full-year range.

Nordex was trading at EUR 36.75 at Lang & Schwarz on October 26, 2026 at 4:39 p.m. CET, plus 1.07 percent versus the Xetra close of October 23, 2026.

The further course of trading is shown by the continuously updated real-time quote of Nordex stock.