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2 clusters · 4 sources · 12 days · First seen · Last updated

Nel ASA hydrogen firm challenges

Overview

In mid‑July 2026, Norwegian electrolyzer maker Nel ASA reported a massive 224 % year‑on‑year rise in order intake, pushing its backlog above NOK 1.2 billion. Despite the surge, revenue fell by double‑digits and the company posted a deeper operating loss, with a net loss around €17 million and EBITDA of minus NOK 155 million. The firm also announced that CEO Håkon Volldal would step down by year‑end while a successor is sought.

A week later, the market reacted: Nel’s shares slipped to around €0.20, near a 52‑week low, as analysts highlighted the contrast between the robust order book and ongoing profitability concerns. The company’s liquidity remained solid, but it faced added pressure from newly announced U.S. tariffs of 10‑12.5 % on green‑technology imports, threatening its crucial North‑American market.

Overall, Nel ASA is grappling with record orders that have not yet translated into financial stability, leadership turnover, and external trade policy risks.

Entities

Håkon Volldal · Nel ASA

Timeline

  1. 30 days ago

    [BUSINESS] 2 sources
    Nel ASA shares dip below €0.20 as order surge meets CEO exit and US tariff worries

    Nel ASA shares slipped below €0.20 as the company posted a 224% order surge, a 12% revenue drop, a NOK 189 million net loss, the CEO’s planned exit, and new US green‑tech tariffs.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Nel ASA faces record orders amid widening losses and CEO resignation

    Nel ASA saw a 224% jump in orders but a 15% revenue decline and widening losses, as CEO Håkon Volldal announced his resignation.

Sources

avronline.de · boersennews.de · it-boltwise.de · kapitalmarktexperten.de