Nordex SE is one of the leading European manufacturers of onshore wind turbines and benefits from the long-term trends of the energy transition, electrification, and decarbonization. The company possesses a strong market position, a high order backlog, and significantly improved fundamental data. Profitability is increasing, the balance sheet shows a solid liquidity base, and market sentiment remains positive. At the same time, risks exist due to regulatory changes, competitive pressure, and the long-term securing of margins. Overall, Nordex presents itself as a growth-oriented company with attractive prospects in the European wind energy market and an increasingly stable operational development.