Nel ASA reports NOK 112 million revenue for Nel ASA stock

Published on 10/20/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PEM order intake rose 473.00 percent in Q3 2026. Nel ASA stock costs EUR 0.19 at Lang & Schwarz on October 20, 2026, with NOK 1,078 million cash.

Quarterly results and trading context

Nel reported NOK 112 million in third-quarter revenue on October 15, 2026.
Order intake reached NOK 253 million in the third quarter of 2026.
Nel ASA stock was trading at EUR 0.19 at 1:20 p.m. CEST at Lang & Schwarz on October 20, 2026.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel ASA stock was trading at EUR 0.19 at Lang & Schwarz on October 20, 2026, at 1:20 p.m. CEST. In its third-quarter report dated October 15, 2026, Cision reported NOK 112 million in revenue from contracts with customers, down 63.00 percent year over year.

PEM orders offset weak revenue

The quarter produced a sharp split between Nel's two electrolyzer businesses. PEM revenue increased 65.00 percent year over year to NOK 89 million, while PEM order intake rose 473.00 percent to NOK 245 million.

Group order intake reached NOK 253 million, up 339.00 percent from the third quarter of 2025. The order backlog stood at NOK 1,314 million, 34.00 percent above the comparable period, while cash at quarter end was NOK 1,078 million.

Three milestones shape the picture

On September 25, 2026, Nel's Oslo closing price was NOK 2.06, according to TickerGuard. On October 13, 2026, the company listed two new releases covering a U.S. technology customer order and a Rheinmetall partnership. On October 15, 2026, the third-quarter report put revenue from contracts with customers at NOK 112 million.

What dates come next?

Nel's investor-relations calendar lists the annual report for February 19, 2027, and the first-quarter report for April 21, 2027. The same calendar identifies October 15, 2026, as the third-quarter reporting date and records the company's listing on the Oslo Stock Exchange under ticker NEL.

Trading context remains euro-based

At 1:20 p.m. CEST on October 20, 2026, Nel ASA stock was trading at EUR 0.19 at Lang & Schwarz. The primary Oslo quote was NOK 1.98 at 11:11 a.m. CEST, with a market capitalization of NOK 3.6 billion and a 52-week range of NOK 1.92 to NOK 3.96.

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