QM · rank #10 · 2026-09-11
NDX1
XETRA · EUR · $11.13B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +74.24% |
|---|---|
| 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 2026-08-12 | $40.32 |
| Anchor (far) Close on 2025-08-12 | $23.14 |
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 quality_momentum signal is reinforced by hard evidence — 12-month price momentum of 74% is backed by accelerating fundamentals (Q2 EBITDA more than doubled YoY, 32% order intake growth to 3.1 GW, positive FCF), not mere sentiment rotation, making the signal credible rather than a false positive.
Material risks
- 1US and European onshore wind policy exposure is the sharpest thesis-breaker — a meaningful portion of the record 10.2 GW 2025 order intake and the large Turkish/US projects underpinning backlog growth could face cancellation or margin compression if permitting regimes or IRA-related incentives shift adversely.
- 2The new blade facility ramp-up and capital-intensive manufacturing expansion create execution risk — working capital swings or cost overruns could erode the EUR 1.7B net cash cushion and compress the FCF that currently validates the quality leg of the screen.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.