NEL ASA (NLLSF)
OTHER OTC:NLLSF
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Earnings Data
Report Date
Jul 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
>-0.01Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: near‑term commercial and financial performance is challenged (revenue down 5% YoY, PEM revenues down 14%, negative EBITDA of NOK 100M, reduced capacity and uncertain DOE funding), but the company retains a solid cash position, tangible commercial references (10 MW Korea, repeat PEM orders), clear technology progress (pressurized alkaline launch, EU‑funded Heroya line, 500 MW target in 2026) and a roadmap to lower costs (next‑gen PEM ambition). Management is cautiously optimistic about increasing order intake in 2026 and improving utilization in 2027, but execution and grant reinstatements are key near‑term risks.Company Guidance
Solid liquidity and backlog
Cash balance of NOK 1.4 billion at quarter end; order backlog of NOK 1.1 billion. Additionally, an EU grant of EUR 11 million tied to pressurized alkaline industrialization is expected to be received in Q2 2026.
Alkaline division improvement
Alkaline revenues increased 6% year‑on‑year and Alkaline EBITDA improved by NOK 35 million versus the corresponding quarter last year. Ongoing pressurized alkaline tests show higher yields, fewer critical defects and lower cycle times.
Year‑on‑year EBITDA improvement
The company recorded a negative EBITDA of NOK 100 million in Q1, which is a NOK 15 million improvement year‑on‑year, reflecting cost adjustments and some positive project deliveries.
Commercial progress and repeat business
Commissioned Korea's first off‑grid green hydrogen facility (10 MW alkaline) in late March. April brought a $7 million purchase order for containerized PEM equipment (a repeat order), and Nel has already booked the first Q2 order of roughly NOK 70 million.
Technology commercialization and capacity build‑out
Commercial launch of pressurized alkaline platform planned for May 6, 2026 after multi‑year development. Investment in a Heroya production line funded by the EU with a target to install the first 500 MW of production capacity by end of 2026; pressurized alkaline positioned as lower CapEx per MW than atmospheric alkaline or PEM.
Containerized PEM momentum and short lead times
Strong momentum for modular containerized PEM systems (suitable for 2.5–10–50 MW projects), with repeat customers and short delivery times (typically under 12 months), supporting quicker revenue realization versus larger customized projects.
Roadmap for next‑generation PEM
Ambition to build a prototype stack in 2026 for a next‑generation PEM platform targeting ~70% stack cost reduction, which could materially lower CapEx and OpEx if successfully industrialized.
NLLSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NLLSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $0.27 | $0.24 | -10.49% |
Feb 26, 2026 | $0.22 | $0.22 | +1.38% |
Oct 29, 2025 | $0.23 | $0.24 | +3.88% |
Jul 16, 2025 | $0.27 | $0.27 | -1.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NEL ASA (NLLSF) report earnings?
NEL ASA (NLLSF) is schdueled to report earning on Jul 22, 2026, Before Open (Confirmed).
What is NEL ASA (NLLSF) earnings time?
NEL ASA (NLLSF) earnings time is at Jul 22, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NLLSF EPS forecast?
NLLSF EPS forecast for the fiscal quarter 2026 (Q2) is >-0.01.