News for hydrogen investors: The European NEL group has opened its books and reported on its business development.
The Norwegian hydrogen specialist NEL ASA has provided an insight into its books and presented the figures for the first quarter of 2026, which ended on March 31st. The results show a relevant development compared to the same period last year.
The company once again posted a loss in earnings per share. NEL ASA reported an EPS of -0.08 Norwegian krone for the past quarter. The group thus missed the analysts’ average estimates, which had previously been -0.058 Norwegian krone. In the same quarter of the previous year, the loss was -0.100 Norwegian kroner per share.
The company also recorded losses on the sales side. In the quarter under review, revenues of 148 million Norwegian kroner were achieved, following sales of 155.3 million Norwegian kroner in the same period last year. Analysts’ forecasts averaged 193.8 million Norwegian crowns, which would have corresponded to an expected increase of 24.78 percent.
A mixed picture emerges for the entire fiscal year. Analysts on average expect a loss per share of -0.239 Norwegian kroner, which would be a significant improvement from last year’s -0.700 Norwegian kroner. In terms of annual sales, however, the experts expect a decline to an average of 863.3 million Norwegian kroner, after 963.1 million Norwegian kroner were generated in the previous year.
Claudia Stephan, Evelyn Schmal, editorial team finanzen.net
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