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The latest announcement is out from NEL ASA ( (NLLSF) ).
Nel ASA reported a decline in third-quarter revenues to NOK 303 million from NOK 366 million the previous year, with a total revenue and income of NOK 349 million. Despite the challenging macro environment, the company improved its EBITDA to NOK -37 million from NOK -90 million last year. The order intake was significantly lower at NOK 57 million, and the order backlog decreased to NOK 984 million. Nel continues to focus on commercializing new technologies, with plans to launch a new pressurized alkaline platform in 2026, aiming to reduce hydrogen project costs and enhance energy efficiency. The company remains well-positioned in the electrolyser manufacturing industry, supported by strategic collaborations and investments in technology development.
The most recent analyst rating on (NLLSF) stock is a Sell with a NOK1.70 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 leading hydrogen technology company with a global presence, specializing in PEM and Alkaline electrolyser technology for the production of renewable hydrogen. The company’s products are crucial for enabling a green hydrogen economy, facilitating the decarbonization of industries such as transportation, refining, steel, and ammonia.
Average Trading Volume: 5,039,699
Current Market Cap: NOK4.31B
For a thorough assessment of NLLSF stock, go to TipRanks’ Stock Analysis page.