Nel ASA Shares Experience Volatile Trading Week

The shares of Norwegian hydrogen specialist Nel ASA demonstrated significant price volatility throughout the past trading week, characterized by sharp upward movements followed by notable corrections. The stock initially surged from approximately €0.18 to surpass €0.22 before retreating to around €0.20 per share, reflecting the turbulent nature of the hydrogen sector.

Adding to the positive momentum, Nel revealed a strategic collaboration with GreenH AS just five days after the initial contract announcement. This alliance focuses on Enova-supported hydrogen initiatives in Kristiansund and Slagentangen. The arrangement includes electrolyzer equipment with minimum capacity of 10 MW per location, totaling more than 20 MW combined.

Håkon Volldal, Chief Executive Officer of Nel, expressed enthusiasm about the Read more...