Nel ASA Faces Critical Juncture as Order Backlog Plummets

The Norwegian hydrogen technology firm, Nel ASA, is navigating what could be a defining period for its future. With its share price languishing near historic lows between NOK 2.23 and NOK 2.29, the company is confronting a precipitous decline in its order pipeline. The central question for investors is whether a bold, high-stakes bet on a new technology platform can reverse its fortunes or if the former industry darling risks permanent irrelevance.

A stark indicator of the company’s challenges is the state of its order book. Year-over-year, the backlog has contracted by approximately 47%, now standing at just NOK 984 million. This severe reduction significantly limits revenue visibility for the coming periods and is Read more...