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4 clusters · 6 sources · 9 days · First seen · Last updated

Nel ASA financial performance and stock volatility

Overview

Nel ASA shares initially experienced a technical recovery attempt, gaining over 8% during Tradegate trading despite a long-term downward trend and a previous quarterly loss.

Following the release of third-quarter 2026 results, the share price dropped by 6.3%. The company reported a 63% year-on-year decline in revenue from customer contracts to NOK 112 million, largely due to reduced activity in the alkaline segment. While the company reported a net loss of NOK 141 million and a negative EBITDA of NOK -93 million, there was a 339% surge in new orders to NOK 253 million, driven by the PEM business. This contributed to a 34% increase in the total order backlog to NOK 1,314 million.

Further details regarding the third-quarter performance highlight that the PEM (Proton Exchange Membrane) business saw revenues increase by 65% to NOK 89 million. Despite the increased order volume providing a foundation for future revenue, it has not yet offset current operational losses.

Recent developments indicate that the reported revenue of NOK 112 million missed the average market expectation of NOK 202.2 million. Although order intake increased, a substantial portion of the existing order backlog is now considered at risk of delay or cancellation. Additionally, investors have reacted negatively to a lack of concrete contracts, volumes, or specific timelines regarding a previous Memorandum of Understanding with Rheinmetall concerning synthetic renewable fuels.

Additionally, Nel Hydrogen US secured a USD 12 million order from an undisclosed US technology corporation. This contract involves containerized PEM electrolyzers and related services, with deliveries expected to occur around 2027.

Entities

Nel ASA · NEL Hydrogen US · Rheinmetall

Timeline

  1. [BUSINESS] 2 sources
    NEL ASA shares decline following weak quarterly results

    NEL ASA shares fell after quarterly revenue from customer contracts dropped to 112 million NOK, missing expectations despite an increase in order intake.

  2. [BUSINESS] 2 sources
    Nel ASA reports surge in orders despite revenue decline

    Nel ASA saw a 339% surge in order intake to NOK 253 million, though third-quarter revenue fell 63% to NOK 112 million.

  3. [BUSINESS] 3 sources
    Nel ASA shares fall following weak quarterly revenue

    Norwegian hydrogen company Nel ASA saw its shares fall 6.3% after reporting a 63% drop in Q3 revenue, despite a 339% surge in new orders and growth in its PEM business segment.

  4. [BUSINESS] 2 sources
    Nel ASA shares rise amid technical recovery attempts

    Nel ASA shares saw a recent surge, gaining over 8% in some trading sessions as the hydrogen company attempts to stabilize above key support levels despite a long-term downward trend.

Sources

ad-hoc-news.de · finanzen.ch · finanznachrichten.de · it-boltwise.de · kapitalmarktexperten.de · sharedeals.de

This summary has been updated 2 times: see revision history