German wind‑turbine maker Nordex saw its shares surge to a 24‑year peak after posting first‑quarter results that outpaced forecasts. The stock jumped 10% to 49.44 euros in early European trading, a level not reached since May 2002. Year‑to‑date, the share price has risen roughly 70%, reflecting renewed investor confidence.

Underlying earnings before interest, taxes, depreciation and amortisation climbed 64% year over year to 130.7 million euros ($153.2 million), topping consensus by 15%, Berenberg analysts said. EBITDA margin improved to 8.2% from 5.5% a year earlier, indicating stronger pricing power and cost control amid a robust order pipeline across the United States and Europe.

Analysts attribute the bounce to sustained demand growth and a healthy backlog of contracts in key markets. Higher profitability should bolster Nordex’s capacity to fund future turbine development and expand its footprint. The market reaction underscores the premium investors place on clear earnings beats in the renewable‑energy sector.

With cash flow strengthening, Nordex may consider strategic acquisitions to consolidate its position in offshore projects, a segment where competitors are intensifying activity. Investors will watch the company’s guidance for the next quarter, as any deviation could quickly reshape its valuation momentum and influence broader market sentiment.