QM · rank #13 · 2026-09-04
NDX1
XETRA · EUR · $10.38B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +73.91% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +32.4% |
| Profit margin Net profit margin, trailing 12 months. | +5.0% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $10.38B |
| Anchor (recent) Close on 2026-08-05 | $38.12 |
| Anchor (far) Close on 2025-08-05 | $21.92 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Nordex SE is a leading European onshore wind turbine manufacturer generating recurring revenue through a growing service segment alongside project-based turbine sales.
Rationale
The 74% trailing momentum signal is reinforced by accelerating fundamentals—Q2 2026 EBITDA margins hitting 10.3%, 32% YoY order intake growth to 3.1 GW, and a net cash position of ~EUR 1.7B—confirming the quality-momentum thesis is grounded in improving earnings power, not mere sentiment rotation.
Material risks
- 1European policy and auction-design sensitivity is the primary thesis-breaker, as 74% of Q2 2026 project orders originate in Europe (Germany the largest single market), meaning any permitting slowdown or support-scheme revision could rapidly deflate the order backlog that underpins both momentum and quality signals.
- 2U.S. ramp execution risk is rising fast—800 MW of U.S. orders in Q2 2026 alone versus 772 MW in all of 2025—exposing Nordex to local-content rules, tariff dynamics, and permitting volatility in a market where it lacks the deep operational footprint it has in Europe.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.