Hydrogen Specialist Nel ASA Plunges Amid Market Contradiction

Shares of Norwegian hydrogen technology company Nel ASA experienced a severe downturn on Friday, collapsing 7.40% to rank among the Oslo Stock Exchange’s worst performers. This dramatic sell-off presents a puzzling market contradiction, occurring despite recent positive fundamental developments that typically would support share price appreciation.

The timing of this sharp decline appears disconnected from the company’s recent operational achievements. Market observers note the sell-off cannot be justified by Nel ASA’s business performance, which has been marked by significant contract wins and insider confidence.

Just days before the price drop, Nel ASA secured the second-largest order in its corporate history. Simultaneously, a key executive demonstrated faith Read more...