Announcement • Mar 27
Nordex SE, Annual General Meeting, May 05, 2026 Nordex SE, Annual General Meeting, May 05, 2026, at 10:30 W. Europe Standard Time. Announcement • Jan 16
Nordex SE to Report First Half, 2026 Results on Jul 29, 2026 Nordex SE announced that they will report first half, 2026 results on Jul 29, 2026 Buy Or Sell Opportunity • Jan 08
Now 20% undervalued Over the last 90 days, the stock has risen 36% to €32.54. The fair value is estimated to be €40.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Nov 05
Nordex SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Nordex SE announced that they will report fiscal year 2025 results on Feb 26, 2026 Announcement • Oct 14
Nordex SE to Report Q3, 2025 Results on Nov 04, 2025 Nordex SE announced that they will report Q3, 2025 results at 7:00 AM, Central European Standard Time on Nov 04, 2025 Price Target Changed • Aug 18
Price target increased by 13% to €22.98 Up from €20.30, the current price target is an average from 13 analysts. New target price is 6.3% above last closing price of €21.62. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.70 for next year compared to €0.037 last year. Announcement • Mar 27
Nordex SE, Annual General Meeting, May 06, 2025 Nordex SE, Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time. Announcement • Feb 27
Nordex SE to Report Q1, 2025 Results on Apr 30, 2025 Nordex SE announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 12
Nordex SE to Report Q2, 2025 Results on Jul 29, 2025 Nordex SE announced that they will report Q2, 2025 results on Jul 29, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings: Revenues miss analyst expectations Third quarter 2024 results: Revenue: €1.41b (down 18% from 3Q 2023). Net income: €3.52m (up €38.3m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 13%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 07
Nordex SE to Report Fiscal Year 2024 Results on Feb 27, 2025 Nordex SE announced that they will report fiscal year 2024 results on Feb 27, 2025 Buy Or Sell Opportunity • Oct 22
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €13.60. The fair value is estimated to be €11.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.5%. Buy Or Sell Opportunity • Oct 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.7% to €13.47. The fair value is estimated to be €11.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.5%. Buy Or Sell Opportunity • Aug 06
Now 25% overvalued Over the last 90 days, the stock has fallen 5.9% to €13.16. The fair value is estimated to be €10.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.5%. Reported Earnings • Jul 26
Second quarter 2024 earnings: Revenues exceed analyst expectations Second quarter 2024 results: Revenue: €1.80b (up 17% from 2Q 2023). Net income: €1.00m (up €85.1m from 2Q 2023). Profit margin: 0.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 103%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Price Target Changed • Jun 19
Price target increased by 9.1% to €17.74 Up from €16.26, the current price target is an average from 11 analysts. New target price is 42% above last closing price of €12.46. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.074 next year compared to a net loss per share of €1.33 last year. Price Target Changed • Jun 18
Price target increased by 9.1% to €17.74 Up from €16.26, the current price target is an average from 11 analysts. New target price is 41% above last closing price of €12.54. Stock is up 15% over the past year. The company is forecast to post earnings per share of €0.074 next year compared to a net loss per share of €1.33 last year. Reported Earnings • May 15
First quarter 2024 earnings released: €0.06 loss per share (vs €1.01 loss in 1Q 2023) First quarter 2024 results: €0.06 loss per share (improved from €1.01 loss in 1Q 2023). Revenue: €1.57b (up 29% from 1Q 2023). Net loss: €13.0m (loss narrowed 94% from 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Announcement • Apr 30
The Nordex Group Announces Executive Changes The Nordex Group is expanding its activities in the USA and has appointed Manav Sharma as CEO of the business in North America, with effect from 1st June,2024. Mr. Sharma has a long-standing experience of 16 years within the industry, having already served in various senior management positions before joining Nordex. Prior to his current role as the Nordex Group's Chief Transformation Officer, in his position as Chief Operations Officer (COO), Mr. Sharma was responsible for the Company's global operations. John McComas, who has been leading activities in the North American region since April 2021, will assume the newly created position of COO North America. In his new role, Mr. Sharma will be responsible for the expansion of the Nordex Group's US business: In March, the company announced that it is currently working on the launch of a turbine specifically tailored to the requirements of the American market. As early as mid of this year, the company plans to announce a turbine variant with an optimized capacity factor for US project conditions, designed to significantly increase yield in pure grid constrained projects. Price Target Changed • Mar 05
Price target increased by 7.1% to €15.81 Up from €14.75, the current price target is an average from 11 analysts. New target price is 37% above last closing price of €11.58. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.014 next year compared to a net loss per share of €1.33 last year. Reported Earnings • Mar 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: €1.33 loss per share (improved from €2.71 loss in FY 2022). Revenue: €6.49b (up 14% from FY 2022). Net loss: €302.8m (loss narrowed 39% from FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Dec 19
Nordex SE to Report Fiscal Year 2023 Final Results on Feb 29, 2024 Nordex SE announced that they will report fiscal year 2023 final results on Feb 29, 2024 Reported Earnings • Nov 16
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: €0.15 loss per share (improved from €0.43 loss in 3Q 2022). Revenue: €1.72b (down 1.3% from 3Q 2022). Net loss: €34.8m (loss narrowed 61% from 3Q 2022). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Jul 28
Second quarter 2023 earnings released: €0.36 loss per share (vs €0.82 loss in 2Q 2022) Second quarter 2023 results: €0.36 loss per share (improved from €0.82 loss in 2Q 2022). Revenue: €1.54b (up 29% from 2Q 2022). Net loss: €84.1m (loss narrowed 37% from 2Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Price Target Changed • Jul 10
Price target increased by 8.1% to €15.13 Up from €13.99, the current price target is an average from 10 analysts. New target price is 35% above last closing price of €11.17. Stock is up 21% over the past year. The company is forecast to post a net loss per share of €0.93 next year compared to a net loss per share of €2.71 last year. Reported Earnings • May 14
First quarter 2023 earnings released: €1.01 loss per share (vs €0.94 loss in 1Q 2022) First quarter 2023 results: €1.01 loss per share (further deteriorated from €0.94 loss in 1Q 2022). Revenue: €1.22b (up 31% from 1Q 2022). Net loss: €214.8m (loss widened 43% from 1Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Apr 02
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: €2.71 loss per share (further deteriorated from €1.68 loss in FY 2021). Revenue: €5.69b (up 4.6% from FY 2021). Net loss: €497.8m (loss widened 116% from FY 2021). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Price Target Changed • Jan 13
Price target increased to €13.34 Up from €12.39, the current price target is an average from 8 analysts. New target price is 9.7% below last closing price of €14.77. Stock is up 4.5% over the past year. The company is forecast to post a net loss per share of €2.03 next year compared to a net loss per share of €1.68 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: €0.43 loss per share (further deteriorated from €0.30 loss in 3Q 2021). Revenue: €1.75b (up 39% from 3Q 2021). Net loss: €88.4m (loss widened 122% from 3Q 2021). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: €0.83 loss per share (down from €0.08 loss in 2Q 2021). Revenue: €1.19b (down 17% from 2Q 2021). Net loss: €132.7m (loss widened €123.6m from 2Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 14%, compared to a 16% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Price Target Changed • Jul 06
Price target decreased to €13.47 Down from €15.41, the current price target is an average from 9 analysts. New target price is 66% above last closing price of €8.10. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €1.96 next year compared to a net loss per share of €1.68 last year. Price Target Changed • Jun 22
Price target decreased to €15.41 Down from €17.30, the current price target is an average from 9 analysts. New target price is 78% above last closing price of €8.65. Stock is down 52% over the past year. The company is forecast to post a net loss per share of €1.60 next year compared to a net loss per share of €1.68 last year. Reported Earnings • Jun 22
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: €0.94 loss per share (down from €0.47 loss in 1Q 2021). Revenue: €1.25b (flat on 1Q 2021). Net loss: €150.5m (loss widened 175% from 1Q 2021). Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 71%. Over the next year, revenue is expected to shrink by 5.2% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year. Price Target Changed • May 26
Price target decreased to €18.43 Down from €19.93, the current price target is an average from 9 analysts. New target price is 78% above last closing price of €10.34. Stock is down 45% over the past year. The company is forecast to post a net loss per share of €0.87 next year compared to a net loss per share of €1.68 last year. Reported Earnings • Mar 30
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: €1.68 loss per share (down from €1.21 loss in FY 2020). Revenue: €5.44b (up 17% from FY 2020). Net loss: €230.2m (loss widened 77% from FY 2020). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 82%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Price Target Changed • Mar 11
Price target increased to €19.75 Up from €18.16, the current price target is an average from 10 analysts. New target price is 15% above last closing price of €17.20. Stock is down 22% over the past year. The company is forecast to post a net loss per share of €0.96 next year compared to a net loss per share of €1.21 last year. Breakeven Date Change • Dec 03
Forecast breakeven date pushed back to 2023 The 10 analysts covering Nordex previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 82% per year to 2022. The company is expected to make a profit of €100.0m in 2023. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Reported Earnings • Nov 16
Third quarter 2021 earnings released: €0.30 loss per share (vs €0.68 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €1.26b (up 13% from 3Q 2020). Net loss: €39.9m (down 155% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Price Target Changed • Nov 10
Price target decreased to €20.72 Down from €22.40, the current price target is an average from 10 analysts. New target price is 46% above last closing price of €14.15. Stock is down 17% over the past year. The company is forecast to post a net loss per share of €0.046 next year compared to a net loss per share of €1.21 last year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: €0.08 loss per share (vs €1.33 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €1.45b (up 33% from 2Q 2020). Net loss: €9.09m (loss narrowed 94% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Breakeven Date Change • Aug 13
Forecast breakeven pushed back to 2022 The 11 analysts covering Nordex previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of €116.7m in 2022. Average annual earnings growth of 62% is required to achieve expected profit on schedule. Reported Earnings • May 14
First quarter 2021 earnings released: €0.47 loss per share (vs €0.36 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: €1.25b (up 30% from 1Q 2020). Net loss: €54.7m (loss widened 44% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Price Target Changed • Mar 27
Price target increased to €26.66 Up from €24.25, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of €25.42. Stock is up 258% over the past year. Executive Departure • Mar 02
CFO & Member of Management Board has left the company On the 28th of February, Christoph Burkhard's tenure as CFO & Member of Management Board ended after 4.5 years in the role. We don't have any record of a personal shareholding under Christoph's name. Christoph is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 18
New 90-day high: €26.32 The company is up 47% from its price of €17.87 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.49 per share. Price Target Changed • Jan 18
Price target raised to €23.45 Up from €21.65, the current price target is an average from 10 analysts. The new target price is close to the current share price of €24.50. As of last close, the stock is up 89% over the past year. Price Target Changed • Jan 11
Price target raised to €22.18 Up from €20.56, the current price target is an average from 10 analysts. The new target price is 13% below the current share price of €25.60. As of last close, the stock is up 114% over the past year. Price Target Changed • Jan 05
Price target raised to €21.65 Up from €19.35, the current price target is an average from 10 analysts. The new target price is 5.8% below the current share price of €22.98. As of last close, the stock is up 100% over the past year. Is New 90 Day High Low • Jan 05
New 90-day high: €22.98 The company is up 73% from its price of €13.25 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.63 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €20.48 The company is up 72% from its price of €11.89 on 17 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.27 per share. Price Target Changed • Dec 11
Price target raised to €20.56 Up from €19.12, the current price target is an average from 10 analysts. The new target price is 7.9% above the current share price of €19.06. As of last close, the stock is up 56% over the past year. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS €0.68 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €1.45b (up 53% from 3Q 2019). Net income: €72.5m (up €93.7m from 3Q 2019). Profit margin: 5.0% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 17
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 1,713%. Over the next year, revenue is expected to shrink by 7.0% compared to a 15% growth forecast for the Electrical industry in Germany. Price Target Changed • Nov 11
Price target raised to €14.58 Up from €13.15, the current price target is an average from 8 analysts. The new target price is close to the current share price of €15.18. As of last close, the stock is up 21% over the past year. Is New 90 Day High Low • Nov 11
New 90-day high: €15.18 The company is up 34% from its price of €11.35 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.04 per share. Price Target Changed • Oct 15
Price target raised to €13.15 Up from €12.13, the current price target is an average from 10 analysts. The new target price is close to the current share price of €13.28. As of last close, the stock is up 16% over the past year. Is New 90 Day High Low • Oct 05
New 90-day high: €11.99 The company is up 33% from its price of €8.99 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.41 per share. 
