QM · rank #14 · 2026-09-08
NDX1
XETRA · EUR · $11.13B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +69.02% |
|---|---|
| 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). | $11.13B |
| Anchor (recent) Close on 2026-08-07 | $38.84 |
| Anchor (far) Close on 2025-08-08 | $22.98 |
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 pure-play onshore wind turbine OEM generating ~90% of revenue from turbine projects and ~10% from a growing long-term service book, with an EUR 18B+ combined order backlog.
Rationale
The 69% trailing momentum signal is directly reinforced by accelerating fundamentals — Q2 2026 EBITDA more than doubled YoY, order intake surged 32% to 3.1 GW, and a EUR 1.7B net cash position supports the quality screen's 32% ROE and positive free cash flow, making the signal operationally grounded rather than sentiment-only.
Material risks
- 1Heavy concentration in European and US onshore wind policy — a reversal in German auction volumes or US IRA-linked incentives could rapidly compress margins and stall the order intake trajectory that underpins both the momentum and quality signals.
- 2Capital-intensive blade facility expansion and working capital swings tied to large lumpy projects (e.g., 525 MW Türkiye) could erode the free cash flow and balance-sheet quality that justify the ROE and margin signals if execution slips or a major order is cancelled.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.