QM · rank #8 · 2026-10-27
NDX1
XETRA · EUR · $9.77B (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). | $9.77B |
| 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 multi-decade service contracts on an EUR 18.4 billion order backlog anchored by its N175/6.X high-capacity platform.
Rationale
The 84.5% trailing momentum is directly reinforced by a concrete fundamental catalyst—a mid-year guidance raise to 11.5–12.5% EBITDA margin on accelerating Q3 order intake of 2.810 GW (+29.5% YoY)—making this a quality-momentum signal with identifiable earnings revision support rather than pure sentiment.
Material risks
- 1Turbine commoditization from Vestas, Siemens Gamesa and Chinese suppliers could cap the N175/6.X pricing power that is driving the margin expansion underpinning the quality signal, turning the guidance raise into a one-cycle event.
- 2Blade and installation execution issues already flagged in Türkiye—Nordex's largest market—could slow backlog conversion, deferring the free-cash-flow inflection (EUR 379M Q3 FCF) that justifies the current multiple.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.