Nel ASA Shares Show Signs of Technical Rebound Amid Sector Momentum

Nel ASA NO0010081235

The new year has brought a modest technical recovery for Nel ASA’s stock. While breaking above a key short-term moving average, the shares remain constrained within a broader medium-term downtrend. This upward movement is supported by a rally across the hydrogen sector and a strategically significant corporate investment decision.

Hydrogen-related equities enjoyed a broadly positive start to 2026. Companies such as Plug Power and thyssenkrupp nucera posted double-digit percentage gains in the initial trading sessions, creating a supportive backdrop for Nel’s performance.