Fintel reports that on September 18, 2026, MWB RESEARCH AG upgraded their outlook for Nordex SE - Depositary Receipt (OTCPK:NRXXY) (DB:NDX) from Hold to Buy. This rating action follows a prior upgrade by the same firm on June 21, 2026, when MWB RESEARCH AG raised the company's rating from Sell to Hold.
Nordex SE, based in Germany, is a prominent player in the global wind power industry, renowned for manufacturing, installing, and servicing wind turbines. The company has effectively positioned itself to capitalize on the growing demand for renewable energy technologies. Nordex's flagship product lines include powerful onshore turbines from the N100/2500 series to the innovative Delta and Delta4000 series, which cater to varying wind conditions and site requirements globally. One of the key projects of Nordex is the installation of large wind farms in countries like the United States and Germany, reflecting its strategic focus on technologically advanced, high-capacity wind turbines that enhance the efficiency of renewable energy generation while aligning with global sustainability goals.
Prior to this rating action, as of September 1, 2026, the current recommendation period recorded a total of 24 recommendations. This consensus included 4 strong buy, 12 buy, 7 hold, and 1 sell recommendations, resulting in a positive percentage of 66.7%, a hold percentage of 29.2%, and a negative percentage of 4.2%. In the preceding period as of August 1, 2026, the total of 24 recommendations consisted of 4 strong buy, 11 buy, 7 hold, and 2 sell recommendations, which represented a positive percentage of 62.5%, a hold percentage of 29.2%, and a negative percentage of 8.3%.
Additionally, as of February 25, 2026, the current consensus target mean for the company stood at $19.59, with a median target of $20.70. This represents a consensus target revision of +16.97% from the prior consensus target mean of $16.75 recorded on November 17, 2025.
Recent analyst actions
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This story originally appeared on Fintel.