Nordex stock enters earnings week with service contracts in focus
Published on 11/03/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSService contracts meet earnings focus
- DenkerWulf ordered nine turbines for a 51.3 MW wind farm and a 20-year premium service contract.
- Mercury's 192 MW New Zealand order includes a 30-year service agreement.
- Nordex will publish its full third-quarter results on November 5, with the release scheduled for 7:00 CET.
Nordex's latest turbine orders are drawing attention to the company's service business ahead of its full third-quarter release. Börse Global reported on Tuesday, November 3, that two recent projects combine equipment deliveries with long-term maintenance agreements, while higher service margins had already supported Nordex's preliminary third-quarter performance.
Nordex stock traded at EUR 38.28 on Lang & Schwarz at 12:19 CET on Tuesday, November 3, 2026, 1.38 percent above the Xetra close of Friday, October 30. The real-time quote of Nordex stock reflects the current pre-close market indication rather than a completed Xetra session.
Two orders extend service ties
DenkerWulf ordered nine N149/5.X turbines for the Bredenbek wind farm in Schleswig-Holstein. The project has a total capacity of 51.3 megawatts and includes a 20-year premium service contract. Nordex announced the order on October 27.
The second project is Mercury's Puke Kapo Hau wind farm in New Zealand. The order, announced on October 22, covers 40 turbines with a combined capacity of 192 megawatts. Nordex and Mercury also agreed on a 30-year service contract, giving the company a long-term operating relationship in a new market.
The contracts do not establish a specific future profit contribution. They do, however, add service commitments to the equipment sales and broaden the commercial scope of both projects. That distinction matters because Nordex attributed part of its stronger preliminary third-quarter performance to higher service margins, while also citing strong project execution.
Margins set the earnings backdrop
Nordex's preliminary third-quarter EBITDA was reported at EUR 278 million, with an EBITDA margin of 12.7 percent. The company raised its 2026 margin outlook to 11.5 to 12.5 percent from 8.0 to 11.0 percent, while the remaining elements of its full-year guidance were unchanged, according to the report.
The upcoming release will show how the preliminary figures translate into the full quarterly accounts and whether the service and project businesses maintained their contribution. Nordex is scheduled to publish the full third-quarter results on Thursday, November 5, at 7:00 CET. The earnings call and webcast are scheduled for 14:00 CET.
Nordex stock facts
- Company: Nordex SE
- ISIN: DE000A0D6554
- Xetra ticker: NDX1.DE
- Lang & Schwarz price: EUR 38.28 on Tuesday, November 3, 2026, at 12:19 CET
- Change versus Xetra close: 1.38 percent above EUR 37.76 on Friday, October 30
- Business: Wind turbine manufacturing and service
Börse Global's report on the service contracts places the orders in the context of Nordex's preliminary results and the raised margin outlook.
Germany's DAX market environment provides the broader backdrop for investors tracking industrial and renewable-energy shares.
