1 insider bought €230k of shares over the last 90 days, the latest by Hartmann, Dr. Ilya, filed 17 Aug 2026.
Nordex SE: what insiders have been doing
Every trade that managers of Nordex SE disclose to BaFin is tracked on this page. The company sits in the Energy sector and is based in Hamburg, Germany. It was founded in 1985. In the past year (8 November 2025 to 8 November 2026), 3 filings came from 1 insider.
The flow runs one way only: 1 insider bought (3 purchases totalling €233k) and nobody sold on the market. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. One trade stands out by size: a purchase of €115k from Hartmann, Dr. Ilya, disclosed on 14 August 2026, or 0.0013% of market capitalisation. Those buying include 1 senior executive.
Across the 287 companies tracked on its exchange, the median is 5 filings; at 3 filings, this issuer sits below that mark. Looking back to 2025, when coverage begins, insiders filed 4 purchases and no sales.
The last purchase on record was published on 17 August 2026, which is 83 days ago. Typically, a trade is published a median of 2 days after it takes place. Under the Market Abuse Regulation, managers have three business days to notify their trades.
Other companies in the same sector with recent insider buying flagged by our signals: RGC Resources Inc and Empire Petroleum Corp. This summary is built from BaFin disclosures alone and does not predict where the share price will go.
Who traded when
BuySaleSince the insiders bought
- -0.1%Entry €39.16 · Close 16 Oct 2026 €39.14
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Nordex SE Buy (bullish), based on 15 analysts. Average price target: €49.65.
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
- 2,805.751 shares@ €40.970.0012% mcap38.5% of flowShareXetraISIN DE000A0D6554BAFIN:40002547-1ad57c681f6aCanonical exit: 10 Nov 2026 (T+90)
- 2,806 shares@ €40.980.0012% mcap38.6% of flowShareXetraISIN DE000A0D6554BAFIN:40002547-faa2aeaafd8cCanonical exit: 10 Nov 2026 (T+90)
- 105.451 shares@ €28.641.0% of flowShareXetraISIN DE000A0D6554BAFIN:40002547-fba5696db0e5Canonical exit: 29 Mar 2026 (T+90)
- 2,915.371 shares@ €22.3821.9% of flowShareDeutsche Börse FrankfurtISIN DE000A0D6554BAFIN:40002547Canonical exit: 2 Nov 2025 (T+90)
4 of 4 declarations
About Nordex SE
Nordex SE is a leading European onshore wind power company listed in Germany on Xetra/Frankfurt (DAX/MDAX/SDAX) and headquartered in Germany. The group designs, manufactures, installs and services onshore wind turbines, focusing on cost-competitive electricity generation across a wide range of climates and site conditions. Founded in 1985, Nordex has built its position over several product generations, with the Delta4000 platform now serving as a core technology pillar in its portfolio. ([nordex-online.com](https://www.nordex-online.com/en/company/?noredirect=en-US&utm_source=openai))
The business is organized mainly into two segments: Projects, which covers the sale of new wind turbines and wind farm development, and Service, which includes post-commissioning maintenance, technical support and related lifecycle services. In 2024, Projects accounted for the bulk of group revenue, while Service provided a recurring and increasingly important contribution, supporting the company’s mix of project-led and aftermarket income. Nordex emphasizes high-efficiency turbines, cold-climate variants and tailored technical solutions for specific market requirements. ([nordex-online.com](https://www.nordex-online.com/wp-content/uploads/sites/6/2025/02/Annual-Integrated-Report-2024_ENG.pdf?utm_source=openai))
Read moreShow less
From an industrial footprint perspective, Nordex operates internationally through commercial, engineering, manufacturing and service activities in key regions. Its main R&D hubs are located in Rostock and Hamburg in Germany, as well as Pamplona, Chennai and Shanghai. This geographic setup supports a commercial strategy spanning Europe, North America, Türkiye and other global onshore wind markets. ([nordex-online.com](https://www.nordex-online.com/wp-content/uploads/sites/2/2025/02/Annual-Integrated-Report-2024_ENG.pdf?utm_source=openai))
Competitively, Nordex operates in a capital-intensive industry that is highly sensitive to order timing, supply-chain costs and grid-connection requirements. Its differentiation lies in turbine efficiency, lifecycle cost optimization and the ability to adapt machines to site-specific conditions. The company states that it continues to focus on product upgrades, industrialization of new variants and margin improvement. ([nordex-online.com](https://www.nordex-online.com/en/sustainable-products/?utm_source=openai))
Recent developments point to solid operating momentum. In 2024, Nordex met all of its financial and operational targets and reported a substantial increase in profitability. In early 2025 and into 2026, the company announced record order intake levels and later strong quarterly results with continued year-on-year margin improvement. These updates support an improving investment case, although execution risk remains tied to the order book, manufacturing delivery and the broader regulatory backdrop for wind power. ([nordex-online.com](https://www.nordex-online.com/en/2025/02/nordex-group-achieves-all-2024-financial-and-operational-targets-reporting-substantial-increase-in-profitability/?utm_source=openai))
Recent ranked signals in the same sector
Purchases our model currently ranks for the recommendations list.
All recommendations
