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NEL ASA ( (NLLSF) ) just unveiled an announcement.
Nel ASA reported first-quarter 2026 revenue from contracts with customers of NOK 148 million, down 5% year on year, and total revenue and income of NOK 152 million, while narrowing its EBITDA loss to NOK 100 million. Order intake plunged 73% to NOK 85 million and the order backlog shrank 24% to NOK 1.113 billion, though the group ended the period with a solid cash balance of NOK 1.443 billion.
The PEM segment saw lower revenue and weaker EBITDA, but project margins improved and a new USD 7 million PEM order was signed after quarter-end, leaving the segment with an order backlog of NOK 843 million. The Alkaline Electrolyser business grew revenue by 6%, sharply improved EBITDA and held a NOK 270 million backlog, as Nel prepared to launch a new pressurised alkaline platform in May that management says could set new industry benchmarks amid growing focus on resilient, decentralised hydrogen-based energy solutions.
The most recent analyst rating on (NLLSF) stock is a Hold with a NOK2.30 price target. To see the full list of analyst forecasts on NEL ASA stock, see the NLLSF Stock Forecast page.
More about NEL ASA
Nel ASA is a Norway-based pure-play hydrogen technology company with a global presence, specializing in PEM and alkaline electrolyser systems for producing renewable hydrogen. Its solutions target decarbonisation of hard-to-abate sectors, including transportation, refining, steel and ammonia, positioning the group at the core of the emerging green hydrogen economy.
Average Trading Volume: 4,799,126
Current Market Cap: NOK4.47B
For a thorough assessment of NLLSF stock, go to TipRanks’ Stock Analysis page.