QM · rank #8 · 2026-10-26
NDX1
XETRA · EUR · $10.42B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +84.51% |
|---|---|
| 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 2026-09-25 | $39.78 |
| Anchor (far) Close on 2025-09-26 | $21.56 |
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 is the world's second-largest onshore wind turbine manufacturer, generating recurring revenue through long-duration service contracts alongside its N175/6.X-led turbine platform.
Rationale
The 84.5% 12-month momentum is directly reinforced by a concrete fundamental catalyst—a mid-cycle guidance raise to 11.5–12.5% EBITDA margin on accelerating Q3 order intake of 2.810 GW (+29.5% YoY)—while a 32.4% ROE and EUR 18.4 billion order book confirm the quality screen is not purely sentiment-driven.
Material risks
- 1Turbine commoditization from Vestas, Siemens Gamesa and Chinese suppliers is the primary thesis-breaker, as Nordex holds no sole-source position and margin gains could reverse quickly if N175/6.X pricing power erodes in a competitive bid environment.
- 2Blade and project-execution issues already flagged in Türkiye—Nordex's largest single market—could slow backlog conversion, deferring the free-cash-flow inflection (EUR 379M in Q3) that underpins the quality signal.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.