Nordex’s Strong Market Performance and Strategic Positioning Drive Buy Rating

In a report released today, Constantin Hesse from Jefferies maintained a Buy rating on Nordex (NRDXF – Research Report), with a price target of €21.00.

Constantin Hesse has given his Buy rating due to a combination of factors that highlight Nordex’s strong market performance and strategic positioning. The company started 2025 with an impressive Q1 order intake of 2.2GW, significantly surpassing market expectations by approximately 50% and showing a 5% increase compared to the previous year. This growth is further supported by a 2% rise in average selling prices, indicating effective pricing strategies within the industry.
Additionally, the positive momentum in order intake is expected to persist throughout the year, as suggested by the CEO’s comments. This optimism is bolstered by a broader market relief following geopolitical developments, such as the temporary suspension of additional tariffs. Nordex’s robust order intake, amounting to €1.898 billion, and its strong presence in key markets like Turkey, Germany, Finland, Latvia, and Brazil, further reinforce the confidence in the company’s continued growth and success.

In another report released on April 4, Deutsche Bank also maintained a Buy rating on the stock with a €20.00 price target.