An announcement from NEL ASA ( (NLLSF) ) is now available.
Nel ASA has entered into a collaboration agreement with SAMSUNG E&A, allowing the latter to offer hydrogen plants using Nel’s electrolysers. This partnership aims to enhance Nel’s global delivery capabilities and competitiveness. Additionally, SAMSUNG E&A will acquire a 9.1% stake in Nel, becoming its largest shareholder. This strategic alliance is expected to strengthen both companies’ positions in the green hydrogen sector, with SAMSUNG E&A providing integrated solutions to project owners.
More about NEL ASA
Nel ASA is a leading global company specializing in hydrogen electrolyser technology, with a focus on Alkaline and Proton Exchange Membrane (PEM) technologies. The company plays a crucial role in the green hydrogen economy, enabling the decarbonization of industries such as transportation, refining, steel, and ammonia.
YTD Price Performance: -23.20%
Average Trading Volume: 36,655
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $318.1M
For detailed information about NLLSF stock, go to TipRanks’ Stock Analysis page.