QM · rank #6 · 2026-10-21
NDX1
XETRA · EUR · $10.42B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +92.83% |
|---|---|
| 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). | $10.42B |
| Anchor (recent) Close on 2026-09-21 | $40.34 |
| Anchor (far) Close on 2025-09-19 | $20.92 |
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 European onshore wind-turbine OEM offering N131–N175 turbine platforms plus long-term Premium Service contracts, with an €18B+ combined order book spanning Europe, Türkiye, and the U.S.
Rationale
The quality_momentum signal is reinforced by hard fundamentals: Q3 EBITDA more than doubled YoY, FCF surged to €379M, full-year EBITDA-margin guidance was raised to 11.5–12.5%, and 12-month price momentum of 0.93 reflects genuine earnings acceleration rather than pure sentiment rotation.
Material risks
- 1Commoditization risk from Vestas, Siemens Gamesa, and increasingly competitive Chinese suppliers is the most direct thesis-breaker, as Nordex holds no patent-protected or sole-source position and margin expansion could reverse quickly if turbine pricing deteriorates on a large order book locked in at current rates.
- 2U.S. policy and tariff exposure is material given re-established U.S. order intake; a permitting reversal or trade restriction could cancel or delay a meaningful portion of the backlog that underpins the raised guidance.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.