Nel sells equipment that helps make hydrogen using renewable power, but many big projects are being delayed or canceled, leaving sales hard to predict and losses ongoing. At the same time, faster-moving rivals and slow progress on hydrogen infrastructure could squeeze its future—unless new technology, cost cuts, and major partners turn demand into steadier orders.Read more
A clearer U.S. tax break could push more companies to commit to green hydrogen projects, which may help Nel win new orders after a rough stretch for demand. But the company is still losing money and customers can keep delaying big projects, making the path to a turnaround uncertain.Read more
Key Takeaways Transformational electrolyzer technologies and regulatory tailwinds position Nel for outsized market share, exponential order growth, and margin expansion as green hydrogen adoption accelerates. Operational streamlining, service revenues, and industry consolidation strengthen Nel's earnings and reduce cyclicality, setting the stage for positive income surprises and pricing power.Read more
Nel ASA, a hydrogen company, provides solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates through Nel Alkaline Electrolyser and Nel PEM Electrolyser segments. The Nel Alkaline Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology. The Nel PEM Electrolyser segment supplies hydrogen production equipment based on proton exchange membrane (PEM) water electrolysis technology. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.
