Nel secures USD 7 million orders and Nel ASA stock costs EUR 0.19

Published on 10/01/2026 at 14:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Collins orders lift Nel's submarine total to USD 20 million. Nel ASA stock costs EUR 0.19 on October 1, 2026 after EUR 0.19, plus 0.00 percent.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel secured USD 7 million in additional submarine electrolyser orders, while Nel ASA stock was trading at EUR 0.19 at Lang & Schwarz on October 1, 2026 at 2:05 p.m. CEST. According to FT.com on September 30, 2026, the new Collins Aerospace orders cover US, UK and French naval programs.

Submarine orders reach USD 20 million

The additional orders lift Nel's submarine-related Collins Aerospace order intake to USD 20 million in the third quarter of 2026. Deliveries are expected in 2027 and 2028, with the PEM electrolyser stacks manufactured in Wallingford, Connecticut.

The order provides a concrete commercial reference for Nel's proton exchange membrane technology. It also adds to a specialized customer relationship rather than representing a broad-based improvement across the company's business lines.

Second-quarter losses remain heavy

Nel generated NOK 153 million in revenue from customer contracts in the second quarter of 2026, down 12 percent from the second quarter of 2025, according to Yahoo Finance. Earnings before interest, taxes, depreciation and amortization were negative NOK 155 million, compared with negative NOK 86 million in the second quarter of 2025.

Order intake reached NOK 230 million in the same quarter, while the cash balance stood at NOK 1.3 billion. The comparison matters: new orders exceeded quarterly revenue, but the loss shows that commercial wins have not yet translated into positive operating earnings.

Stock stays near its yearly low

At Lang & Schwarz, the October 1, 2026 quote was unchanged from the prior close of EUR 0.19 on September 30, 2026. The primary Oslo quotation was NOK 2.08 at 11:49 a.m. CEST on October 1, 2026, while the 52-week range was NOK 1.92 to NOK 3.96.

Nel's market capitalization was NOK 3.8 billion on October 1, 2026. The order flow improves the commercial narrative, but the second-quarter loss keeps cash conversion and order execution central to the investment case.

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