Wind Power Booms, Nordex Stock Rises: Nordex Reports 82% Increase in Orders – Stable Prices Strengthen Margins

Hamburg, Germany – Wind turbine manufacturer Nordex recorded orders totaling 2,310 MW (2.31 GW) in the second quarter of 2025 – an increase of 82 percent compared to the same period last year (Q2/2024: 1.27 GW). The Hamburg-based company is benefiting in particular from strong demand in its core markets of Germany, Turkey, and Latvia.

In the first half of 2025, total order intake reached 4,500 MW (4.5 GW), up from 3,360 MW (3.36 GW) in the same period the previous year. Average selling prices per megawatt (ASP) rose slightly in the second quarter to €0.97 million/MW (H1/2024: €0.89 million/MW).

"Building on a strong start to the year, we continued to deliver solid performance in the second quarter, leading to a total of 4.5 GW in new orders during the first half - all at stable pricing. This consistent momentum reflects the strength of our business model and the strategic direction we’ve taken," said CEO José Luis Blanco. Nordex will continue to focus on its core markets, where demand remains robust.

Between April and June 2025, Nordex delivered 350 turbines to nine countries. The company is thus continuing its growth trajectory – supported by Europe’s energy transition and an increasingly reliable pipeline of projects.

The Nordex share reacted with strong gains in early trading, reaching a peak of €19.60. Analysts remain optimistic given the solid order situation and stable pricing. On July 7, 2025, Deutsche Bank raised its price target from €19 to €20. Today (July 10, 2025), Jefferies reaffirmed its "buy" rating with a price target of €21. Goldman Sachs had already raised its target to €23 back in May.

Source: IWR Online, 10 Jul 2025