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NEL ASA ( (NLLSF) ) has provided an update.
Nel ASA announced the acquisition of a 4.85% stake in Cavendish Hydrogen to enhance its strategic collaboration and ensure long-term success. This move aligns with Nel’s commitment to maintaining strong relationships with Cavendish and its customers, especially as Cavendish calls for an Extraordinary General Meeting to reshape its Board of Directors. Nel’s support for the proposed changes highlights its focus on securing competent leadership necessary for maximizing the potential of its spun-out Fueling business.
More about NEL ASA
Nel ASA is a leading company in hydrogen electrolyser technology with a history dating back to 1927. The company focuses on Alkaline and PEM technology to produce renewable hydrogen, which supports the decarbonization of industries such as transportation, refining, steel, and ammonia, playing a crucial role in advancing a green hydrogen economy.
YTD Price Performance: -16.00%
Average Trading Volume: 32,718
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $334.2M
Find detailed analytics on NLLSF stock on TipRanks’ Stock Analysis page.