Is Nel ASA’s Hydrogen Strategy Gaining Critical Momentum?

Nel ASA NO0010081235

Recent developments at Norwegian hydrogen specialist Nel ASA suggest the company may be reaching an inflection point. This week’s announcement of a strategic collaboration with GreenH AS for two new hydrogen production facilities follows closely on the heels of what the company described as the largest order in its history, potentially signaling a shift in fortunes for the equity.

Despite the recent positive developments, Nel faced significant headwinds in its most recent quarterly report released in late October:

• Contract Revenue Decline: Customer contract revenues fell by 17 percent
• Order Intake Contraction: New orders plummeted 64 percent year-over-year
• EBITDA Improvement: Read more...