Martin Comtesse, an analyst from Jefferies, maintained the Buy rating on Nordex. The associated price target is €25.00.
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Martin Comtesse has given his Buy rating due to a combination of factors that suggest a promising outlook for Nordex. The company is expected to have a strong third quarter, with increased installation activities and stable supply chains contributing to improved profitability. This positive trend makes the current EBITDA margin guidance appear conservative, indicating potential for better-than-expected financial performance.
Additionally, the order intake is projected to follow a favorable pattern similar to the previous year, with expectations for a significant increase in the fourth quarter. The anticipated order volume, particularly from upcoming German auctions, supports a robust full-year performance. These elements collectively underpin the Buy rating, reflecting confidence in Nordex’s ability to capitalize on market opportunities and deliver solid financial results.
According to TipRanks, Comtesse is an analyst with an average return of -3.3% and a 39.42% success rate. Comtesse covers the Technology sector, focusing on stocks such as Bechtle Aktiengesellschaft, CANCOM SE, and Nagarro SE.