Is Nel ASA’s Hydrogen Strategy Gaining Critical Momentum?

Recent developments at Norwegian hydrogen specialist Nel ASA suggest the company may be reaching an inflection point. This week’s announcement of a strategic collaboration with GreenH AS for two new hydrogen production facilities follows closely on the heels of what the company described as the largest order in its history, potentially signaling a shift in fortunes for the equity.

Despite the recent positive developments, Nel faced significant headwinds in its most recent quarterly report released in late October:

• Contract Revenue Decline: Customer contract revenues fell by 17 percent
• Order Intake Contraction: New orders plummeted 64 percent year-over-year
• EBITDA Improvement: Read more...