Nel ASA’s Strategic Pivot Amid Operational Headwinds
19.12.2025 - 06:04:04Nel ASA NO0010081235
Norwegian hydrogen technology firm Nel ASA is navigating a critical strategic transformation. While the company is making a decisive bet on a next-generation electrolyzer platform, its core business operations are facing significant pressure. This divergence presents investors with a central dilemma: assessing whether the promised technological leap can sufficiently offset current commercial weaknesses.
Recent financial results reveal substantial strain on Nel’s day-to-day business. The second quarter of 2025 reported several sharp declines:
– Revenue fell 48% to NOK 174 million.
– New order intake plummeted 74% to NOK 71 million.
– The order backlog contracted by 40% to NOK 1.249 billion.
– Orders for alkaline electrolyzers collapsed by 94%.
– The company posted an EBITDA loss of NOK Read more...
