NEL ASA (NLLSF) has released an update.
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Nel ASA reported a 21% increase in Q3 2024 revenue, driven by strong performance in its Alkaline segment, although its PEM segment underperformed. Despite a decrease in order intake and backlog, the company remains optimistic about future growth opportunities and continues to expand its production capacity. Nel’s strategic partnerships and investment in next-generation technologies position it well for capitalizing on improving market conditions.
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