Nordex stock slips 2.82 percent as order book expands

Nordex stock slipped 2.82 percent to EUR 40.72 on Xetra at the September 23, 2026 close. The move came as the wind-turbine maker entered a fresh product cycle while its operating figures continued to improve.

Order book reaches EUR 18.4 billion

Nordex reported an order book of EUR 18.4 billion at June 30, 2026, compared with EUR 14.3 billion a year earlier. The comparison points to a larger revenue base for future periods, although delivery timing remains central to the earnings profile.

In the second quarter of 2026, revenue increased 16.3 percent year over year. Projects order intake rose 32.2 percent to 3,054 MW, according to Capital.com.

Margin range sets the next test

Nordex confirmed 2026 revenue guidance of EUR 8.2 billion to EUR 9.0 billion and an EBITDA margin range of 8.0 percent to 11.0 percent. The latest half-year figures therefore matter less for volume alone than for how efficiently the enlarged order book converts into profit.

The company also presented an expansion of its Delta4000 series in a September 22, 2026 corporate update on its Nordex investor-relations portal. That product step adds a concrete operating angle to the order-book comparison.

Stock reacts below its yearly high

Nordex traded at EUR 40.72 on Xetra on September 23, 2026, with a daily change of minus 2.82 percent. Market capitalization stood at EUR 11.34 billion on the same date, giving the share move a material company-specific valuation context.