NEL ASA ( (NLLSF) ) has issued an announcement.
Nel ASA reported stable revenues of NOK 416 million for Q4 2024, maintaining the same level as the previous year, with a notable improvement in EBITDA to NOK -36 million from NOK -78 million in Q4 2023. The Alkaline division showed strong performance with positive EBITDA, while the PEM division saw a decline in revenue. The company has significantly reduced its cash burn rate following the spin-off of its Fueling division and plans to cut investments by 50% in 2025 without compromising on technology investments, positioning itself as a strong contender in the electrolyser market.
More about NEL ASA
Nel ASA is a leading pure play hydrogen technology company with a global presence, specializing in PEM and Alkaline electrolyser technology for the production of renewable hydrogen. The company’s products are key enablers for a green hydrogen economy, facilitating the decarbonization of industries such as transportation, refining, steel, and ammonia.
YTD Price Performance: -12.00%
Average Trading Volume: 37,649
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $342.5M
For a thorough assessment of NLLSF stock, go to TipRanks’ Stock Analysis page.