Nel ASA Reports Q1 2025 Revenue Decline Amid Production Challenges

The latest announcement is out from NEL ASA ( (NLLSF) ).

Nel ASA reported a significant decline in revenue for the first quarter of 2025, with a 44% decrease compared to the same period last year. The company faced challenges due to a temporary production halt at its Herøya facility, impacting its Alkaline division negatively. Despite these setbacks, the PEM division showed strong performance with a record-high order intake. Nel ASA remains optimistic about its strategic position, citing a solid cash position and ongoing interest from major investors, which underscores its long-term potential in the hydrogen market.

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.

YTD Price Performance: -9.20%

Average Trading Volume: 33,638

Technical Sentiment Signal: Buy

Current Market Cap: $432.2M

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