Nel ASA names Morten Holum CEO. Nel ASA stock stands at EUR 0.19

Published on 10/29/2026 at 12:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nel ASA's CEO change follows third-quarter order intake of NOK 253 million. Nel ASA stock costs EUR 0.19 on October 29, 2026 at Lang & Schwarz.

CEO transition and operating figures

Nel ASA named Morten Holum as CEO on October 22, 2026.
Third-quarter order intake reached NOK 253 million, up 339 percent year-on-year.
Nel ASA stock trades at EUR 0.19 at 12:34 p.m. CET on October 29, 2026.
Nel ASA's next annual report is scheduled for February 17, 2027.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel ASA named Morten Holum as its next CEO on October 22, 2026, while the hydrogen company works through a sharp split between stronger PEM demand and weaker group revenue. MarketScreener reported the appointment and listed Holum's start for May 1, 2027. Nel ASA stock costs EUR 0.19 at Lang & Schwarz on October 29, 2026 at 12:34 p.m. CET.

Third-quarter orders improve visibility

Nel's third-quarter report dated October 15, 2026 showed order intake of NOK 253 million, an increase of 339 percent from the same quarter a year earlier. The order backlog reached NOK 1,314 million, up 34 percent year-on-year and 8 percent from the previous quarter, according to Nel Hydrogen.

The PEM segment supplied the clearest operating improvement. Revenue rose 65 percent year-on-year to NOK 89 million, while PEM order intake reached NOK 245 million, up 473 percent. Alkaline revenue moved the other way, falling 91 percent to NOK 23 million.

What does the revenue split mean?

Group revenue from contracts with customers fell 63 percent year-on-year to NOK 112 million in the third quarter of 2026. Total revenue and income was NOK 138 million, EBITDA was negative NOK 93 million and net loss was negative NOK 141 million. The contrast puts execution in PEM against continued pressure in Alkaline.

Three recent milestones and dates

On October 13, 2026, Nel disclosed a purchase order for multiple containerized PEM solutions from a US technology customer, listed by MarketScreener as a USD 12 million contract. On October 15, 2026, Nel published its third-quarter results with NOK 253 million of order intake. On October 22, 2026, it named Holum as CEO. The next scheduled dates are the annual report on February 17, 2027, and the first-quarter report on April 21, 2027, according to Nel Hydrogen.

Stock trades at EUR 0.19

Nel ASA is listed on the Oslo Stock Exchange under ticker NEL. The company reported cash of NOK 1,078 million at the end of the third quarter, providing a balance-sheet reference alongside the negative net loss and operating pressures.

Nel ASA stock was trading at EUR 0.19 at Lang & Schwarz on October 29, 2026 at 12:34 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of Nel ASA stock.