Nel ASA secures submarine orders while Nel ASA stock trades at EUR 0.19

Published on 10/02/2026 at 15:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Submarine orders totaled USD 20.00 million on September 30, 2026. Nel ASA stock costs EUR 0.19 versus its EUR 0.19 prior close on October 2, 2026.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel ASA secured additional submarine PEM electrolyser orders valued at USD 7.00 million on September 30, 2026, while Nel ASA stock was EUR 0.19 at Lang & Schwarz on October 2, 2026 at 3:01 p.m. CEST, unchanged from the EUR 0.19 prior close on October 1, 2026. According to PR Newswire on September 30, 2026, the new orders came from Collins Aerospace and cover submarine life-support systems.

Orders book in third quarter

The new orders lift Nel's submarine-related Collins Aerospace order intake to USD 20.00 million, with all of it booked in the third quarter of 2026. Deliveries are scheduled for 2027 and 2028, creating a clear gap between order intake and reported revenue.

The contract also keeps the PEM business at the center of Nel's commercial recovery effort. The stacks will be manufactured at the company's Wallingford, Connecticut facility, according to PR Newswire.

Second-quarter losses remain heavy

Nel generated NOK 153.00 million in revenue from customer contracts in the second quarter of 2026, down 12.00 percent from the prior-year period. The company reported negative EBITDA of NOK 155.00 million, while order intake reached NOK 230.00 million and the order backlog stood at NOK 1.20 billion.

The quarterly figures show the central tension for investors: orders improved, but revenue conversion and profitability remain weak. The second-quarter cash balance was NOK 1.30 billion, giving management funding capacity while the new pressurized alkaline platform moves toward commercial orders, according to Yahoo Finance in the second-quarter 2026 earnings transcript.

October results set the next test

Nel's next scheduled earnings report is October 21, 2026, according to Investing.com. That report should show whether the Collins Aerospace orders and other third-quarter bookings are beginning to change the revenue profile.

Nel's investor-relations page identifies NEL as the Oslo Stock Exchange ticker and describes the company as a hydrogen technology provider focused on electrolyser systems and hydrogen refueling equipment. The same page states that the company has not reached the stage of paying dividends from ongoing earnings.

Stock remains flat in trading

Nel ASA was trading at EUR 0.19 at Lang & Schwarz on October 2, 2026 at 3:01 p.m. CEST, with a 0.00 percent change versus the EUR 0.19 prior close at Lang & Schwarz on October 1, 2026. The primary Oslo quote was NOK 2.09 at 2:44 p.m. CEST on October 2, 2026, against a NOK 1.92 to NOK 3.96 52-week range.

The further course of trading is shown by the continuously updated real-time quote of Nel ASA stock.