Nel ASA secures submarine orders as Nel ASA stock costs EUR 0.19

Published on 10/05/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 12.00 percent to NOK 153.00 million in second quarter 2026. Nel ASA stock costs EUR 0.19 on October 5, 2026 after EUR 0.19 prior close.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel ASA (ISIN NO0010081235) secured additional submarine PEM electrolyser orders valued at USD 7 million on September 30, 2026, while Nel ASA stock was trading at EUR 0.19 at Lang & Schwarz on October 5, 2026. The latest contracts expand a specialized business line, but deliveries are scheduled for 2027 and 2028.

Submarine orders reach USD 20 million

As Yahoo Finance reported on September 30, 2026, Nel Hydrogen US received additional Collins Aerospace orders for PEM electrolyser stacks used in submarine life-support systems. Together with a USD 12 million order announced on September 29, 2026, the submarine-related order intake reached USD 20 million in the third quarter of 2026.

The equipment will be manufactured at Nel's Wallingford, Connecticut facility, with deliveries expected during 2027 and 2028. That timing makes the order important for backlog visibility, but it delays the revenue contribution beyond the current reporting period.

Revenue pressure remains visible

According to TickerGuard in its September 26, 2026 analysis, revenue fell 12.00 percent to NOK 153.00 million in the second quarter of 2026. The same period produced a net loss of NOK 189.00 million and negative EBITDA of NOK 155.00 million, leaving order conversion as the central test for the new contracts.

Nel's balance sheet offers a counterweight. As of June 30, 2026, the company held NOK 1,328.00 million of unrestricted cash, while the latest finance quote put its market capitalization at NOK 3.8 billion on October 5, 2026.

October 15 is the next checkpoint

Nel's investor-relations page lists the third-quarter report for October 15, 2026, and identifies the Oslo Stock Exchange as the company's listing venue under ticker NEL. The report will show whether the submarine orders and other PEM activity are translating into stronger revenue and backlog quality.

At Lang & Schwarz, Nel ASA was trading at EUR 0.19 on October 5, 2026 at 11:20 a.m. CEST, unchanged from the EUR 0.19 prior close. The further course of trading is shown by the continuously updated real-time quote of Nel ASA stock.