The German wind turbine manufacturer Nordex has announced a new domestic order, strengthening its project pipeline and service revenue outlook. Project developer Prowind, based in Osnabrück, has placed an order for eight turbines, marking a continuation of a partnership that saw a seven-turbine deal from the same platform last year.
Order Details and Strategic Importance
This latest contract involves eight N175/6.X turbines with a combined capacity of 54.4 megawatts. The units are destined for two separate projects within Germany: six will be installed at the Hogenset wind farm, with the remaining two headed for the Füchtorf project. Installation on hybrid towers with a hub height of 179 meters is scheduled for completion by the end of 2027. This turbine model is engineered specifically for inland sites, where lower wind speeds demand higher efficiency.
A significant component of the agreement is the inclusion of 20-year premium full-service contracts. For Nordex, such long-term service agreements provide a stabilizing counterbalance to the inherent volatility of its project-based business. Recurring service income over two decades makes an increasingly predictable contribution to group revenue. This is strategically important for a company that reported total sales of approximately €7.6 billion for the 2025 financial year.
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Analyst Sentiment and Shareholder Activity
Market analysts are maintaining a positive outlook. The financial firm Jefferies continues to rate Nordex shares as a “Buy,” reiterating a price target of €50. Analyst Constantin Hesse cites the company’s robust market position within a consolidating competitive landscape and sustained political support for renewable energy as key factors. With the current share price around €44.90, the stock trades slightly below this target but stands about 22% above its 50-day moving average.
Recent regulatory filings also show movement among major shareholders. DWS Investment GmbH reported crossing a relevant threshold, disclosing a voting rights holding of 3.31% as of March 19. In a contrasting move, investment giant BlackRock recently reduced its stake to 4.49%.
A Growing Order Book
The Prowind deal arrives amid a steady stream of contract announcements for Nordex. Just days earlier, on March 17, the company reported a 137 MW repowering order for the Baltic Sea island of Fehmarn. As the order book continues to fill, the focus for investors is shifting to whether Nordex can translate this pipeline into operational performance that meets market expectations for 2026 and 2027. Jefferies believes the necessary conditions are in place for this to be achieved.
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