Nel ASA stock falls sharply as Hydrasun takes over European assembly

Published on 09/20/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nel ASA stock closed at 0.1940 euros on September 18, 2026, around 47 percent below its 52-week high, highlighting investors’ caution. The company’s deal with Hydrasun to expand European assembly comes against ongoing losses and cash outflows.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel ASA stock (ISIN NO0010081235) closed at 0.1940 euros on September 18, 2026, leaving the hydrogen specialist trading around 47 percent below its 52-week high and underscoring a difficult sentiment among investors.

Hydrasun deal reshapes European assembly footprint

According to Trading-Treff on September 20, 2026, Hydrasun has taken over the European assembly activities for Nel ASA, marking a key step in the group’s effort to streamline its hydrogen equipment supply chain and strengthen its presence in European markets.

As Boerse Express reported on September 19, 2026, the cooperation with Hydrasun is part of a broader European expansion strategy that aims to secure scalable production capacity, even as the company still faces losses and continues to see cash outflows.

Losses, cash outflows and weak share performance

Per the analysis from Boerse Express on September 19, 2026, Nel ASA continues to report losses and a notable outflow of funds, which has contributed to the cautious stance of the capital market toward the stock.

The same article notes that the closing price of 0.1940 euros on September 18, 2026, places the share roughly 47 percent below its 52-week high, emphasizing how much confidence has been lost over the past twelve months as investors wait for clearer signs of profitability and sustainable cash generation.

Stock remains far below yearly high

At the closing price of 0.1940 euros on September 18, 2026, the market capitalization of Nel ASA stood at about 346.90 million euros, according to Trading-Treff, illustrating how far the valuation has come down compared to prior phases of optimism in the hydrogen sector.