Nel ASA Shares Surge on Major Hydrogen Contracts

Norwegian hydrogen technology leader Nel ASA is witnessing a substantial rebound in its share price, driven by a series of significant contract wins exceeding $50 million. These developments are propelling the stock out of a prolonged period of weakness and providing the first concrete indications of a durable trend reversal.

A key development emerged on November 10th with the announcement of a strategic cooperation with GreenH AS. This agreement establishes Nel as the technology provider for Enova-subsidized projects located in Kristiansund and Slagentangen. The partnership secures minimum capacity commitments of 10 MW each for Nel.

The scope of Nel’s involvement extends significantly beyond simple equipment supply, encompassing:
* Comprehensive engineering Read more...