Nordex Scores With Major Orders From Canada And Europe - Shares Clearly Above 30 Euros

Hamburg (Germany) – The Nordex Group has recorded a strong intake of new orders at the start of the year. This week, the wind turbine manufacturer reported major orders from Canada as well as several European countries with a total capacity of almost 1,400 MW. The share price responded with further gains and rose clearly above the 30-euro mark.

At the end of 2025, Nordex secured major orders from Canada, Germany, France, Spain, Portugal and Belgium. This continues the company’s growth trajectory in Europe and North America. The orders primarily involve turbines from the Delta4000 platform. All contracts include long-term service agreements. Analysts at Deutsche Bank Research and MWB Research confirmed their buy recommendations and raised their price targets.

Nordex receives major orders totaling 508 MW from Canada

In Canada, Nordex received two orders at the end of the year for the delivery and installation of a total of 73 wind turbines of the N163 type as well as, for the first time, the N175/6.X model. With the N175 turbine, Nordex is entering the Canadian market with this model. The orders have a total capacity of 508 MW. Each contract includes long-term service agreements. Delivery of the turbines for the wind farms is scheduled for 2027 and 2028. Nordex did not disclose the names of the customers or the projects.

Strong order intake also in Europe

In Germany, Nordex received orders from wind farm developer UKA (Umweltgerechte Kraftanlagen GmbH & Co. KG) for 33 turbines of the N175/6.X type with a total capacity of 224.4 MW. The orders are part of an existing framework agreement and include a premium service contract with a term of 20 years.

In Spain, leading independent power producers ordered 38 wind turbines of various types with a total capacity of 245.8 MW. The projects are spread across the provinces of Teruel, Navarra, Burgos and León. In Teruel, N163/6.X turbines as well as one N175/6.X turbine will be installed. In Navarra, N163/6.X, N133/4800 and N163/5.X turbines will be deployed, while N149/5.X turbines will be used in Burgos. In addition, onshore wind power producer Nadara ordered twelve N163/6.X turbines for the 75-MW Castillo 1 wind farm in León, which is scheduled to go into operation in the first quarter of 2027.

Furthermore, Nordex reported orders for 15 wind energy projects in France, Belgium and Portugal. A total of 78 turbines with a combined capacity of 414 MW will be delivered. The turbines include, among others, the N117/3600, N131/3600, N149/5.X, N163/5.X, N163/6.X and N175/6.X models with hub heights ranging from 76 to 134 meters. Delivery is scheduled for 2027. These contracts also include multi-year service and maintenance agreements.

Nordex share continues its upward trend

In the first four trading days of the week, Nordex shares continued the upward trend from the previous year, rising by 8.3 percent to 32.56 euros by the close of trading on Thursday (closing price on January 8, 2026, Stuttgart Stock Exchange). On Friday, the shares edged slightly lower, most recently trading down 1.47 percent at 32.08 euros.

Deutsche Bank Research raised its price target for Nordex shares from 30 to 34 euros, while MWB Research increased its target from 33 to 36 euros. Both institutions reaffirmed their “Buy” ratings. The Deutsche Bank analyst expects a strong fourth quarter with a significantly higher order intake than previously forecast. MWB Research sees North America in particular as an important growth driver following the Canada orders.

Source: IWR Online, Jan 01 2026