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Investing.com - Deutsche Bank (ETR:DBKGn) has raised its price target on Nordex (ETR:NDXG) SE (ETR:NDX1) (OTC:NRDXF) to EUR23.00 from EUR20.00 while maintaining a Buy rating following the company’s Q2 results.
The wind turbine manufacturer has shown resilience in 2025 despite political and regulatory headwinds, with order intake growing approximately 30% year-over-year in the first half based on megawatt capacity.
Deutsche Bank notes that Nordex continues to perform well in its core markets where policy support and investment in onshore wind remain positive, with management expressing confidence about continued growth through 2026 and 2027.
The bank projects Nordex will achieve its long-term 8% EBITDA margin target by 2028, supported by the company’s growing orderbook which provides strong visibility for the seasonally stronger second half of the year.
Deutsche Bank expects Nordex to maintain momentum with approximately 5% project order growth in both fiscal years 2026 and 2027, reinforcing the positive outlook despite early 2025 concerns about the regulatory environment.
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