QM · rank #13 · 2026-09-10
NDX1
XETRA · EUR · $11.13B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +68.24% |
|---|---|
| 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 2026-08-11 | $38.56 |
| Anchor (far) Close on 2025-08-11 | $22.92 |
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 pure-play onshore wind turbine manufacturer generating ~90% of revenue from turbine projects and ~10% from a growing long-term service segment, with an EUR 18B+ combined order book.
Rationale
The 68% trailing momentum is directly reinforced by accelerating fundamentals — Q2 2026 EBITDA more than doubled YoY, free cash flow turned strongly positive, and a 32% YoY surge in Q2 order intake to 3.1 GW signals durable earnings revision momentum that quality-momentum screens are designed to capture.
Material risks
- 1Geographic concentration in European and US onshore wind policy creates binary event risk — a reversal in German auction volumes or US IRA-related policy shifts could rapidly compress margins and stall the order intake trajectory that underpins both the momentum and quality signals.
- 2The new blade facility capex ramp and working capital intensity of a EUR 11.6B turbine backlog execution could generate free cash flow volatility that erodes the quality signal (ROE 32%, margin 5%) if project delivery slips or input costs spike.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.