Nel ASA Shares Slide Despite Major Contract Wins

Norwegian hydrogen specialist Nel ASA is presenting investors with a puzzling scenario. Despite announcing a series of substantial new orders, the company’s shares declined 1.75% today to close at 2.36 NOK. This performance has frustrated market participants who anticipated a stronger response to recent contract awards exceeding $50 million in total value.

The market received a significant positive signal on November 5th when Nel ASA secured the second-largest order in its corporate history. The HyFuel and Kaupanes hydrogen projects have commissioned two 20-megawatt PEM electrolyzer systems, representing a combined transaction above $50 million.

Key specifications of this considerable agreement include:
* Total PEM electrolyzer capacity of 40 MW
* Delivery scheduled Read more...