Nel ASA Shares Face Significant Setback

Friday’s trading session delivered a substantial blow to hopes for a sustained recovery in the hydrogen sector. Rather than building on recent positive momentum, investors retreated, leaving shares of hydrogen company Nel ASA notably lower. The sharp decline heading into the weekend raises a critical question for market participants: has the recent euphoria already evaporated, or does this pullback present a fresh entry opportunity?

The broader market environment on Friday was challenging, with Nel ASA experiencing the full force of the selling pressure. The company’s equity declined 4.40% to close at 2.30 Norwegian kroner. This performance stands in stark contrast to the broader Oslo market, where the benchmark OBX index registered Read more...