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NEL ASA ( (NLLSF) ) has shared an update.
Nel Hydrogen US, a subsidiary of Nel ASA, has secured a significant purchase order from Kaupanes Hydrogen AS and HyFuel AS in Norway, amounting to over USD 50 million. This order, the second largest in Nel’s history, involves the supply of containerized PEM systems for two 20 MW projects, marking a strategic milestone for Nel in the green hydrogen market. The projects, supported by Enova, are expected to enhance Nel’s financial performance and expand their service operations in Europe, with deliveries scheduled from 2026 to 2027.
The most recent analyst rating on (NLLSF) stock is a Sell with a NOK1.90 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 electrolyser technology for renewable hydrogen production and hydrogen fueling equipment for vehicles. Their products enable the decarbonization of industries such as transportation, refining, steel, and ammonia.
Average Trading Volume: 5,107,821
Current Market Cap: NOK3.87B
Find detailed analytics on NLLSF stock on TipRanks’ Stock Analysis page.