Constantin Hesse, an analyst from Jefferies, maintained the Buy rating on Nordex (NRDXF – Research Report). The associated price target was raised to €19.00.
Constantin Hesse has given his Buy rating due to a combination of factors that indicate a positive outlook for Nordex. The company is positioned to benefit from a favorable operating environment, with expectations of growth in order intake over the next few years, particularly in 2026 and 2027. This growth is supported by a constructive outlook in key markets such as Europe, Canada, Australia, and the US, despite some short-term policy challenges.
Additionally, Nordex has improved its customer profile and terms and conditions, which enhances its competitive position. The company is targeting an 18% EBIT margin in its Service segment and has a more robust supply chain, contributing to a de-risked 8% EBITDA margin target. These factors, combined with a disciplined competitive environment and anticipated growth in installations in Germany, underpin Hesse’s positive assessment and Buy rating for Nordex.
In another report released on February 27, Goldman Sachs also maintained a Buy rating on the stock with a €20.10 price target.