Nel ASA reports NOK 253 million orders. Nel ASA stock costs EUR 0.19

Published on 10/22/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PEM revenue rose 65 percent in the third quarter of 2026. Nel ASA stock costs EUR 0.19 on October 22, 2026, with NOK 1.08 billion cash.

Orders and quarterly performance

Nel ASA reported NOK 253 million of third-quarter order intake on October 15, 2026.
PEM revenue increased 65 percent to NOK 89 million in the third quarter of 2026.
Nel ASA stock was trading at EUR 0.19 at 12:52 p.m. CEST at Lang & Schwarz on October 22, 2026.

NEL ASA, NO0010081235, Illustration mit AI erstellt.

Nel ASA (ISIN NO0010081235) was trading at EUR 0.19 at Lang & Schwarz on October 22, 2026, at 12:52 p.m. CEST. The companys third-quarter results showed NOK 253 million of order intake alongside a sharp revenue decline, according to MFN.se on October 15, 2026.

Three events shape the timeline

In May 2026, Nel advanced a planned 1 GW production line for its next-generation pressurized alkaline electrolyzer, as Investing.com reported on October 15, 2026. On October 13, 2026, the company disclosed a USD 12 million purchase order from a US technology customer. On October 15, 2026, Nel reported NOK 253 million in third-quarter order intake, up 339 percent from the prior-year quarter, according to MFN.se.

What does PEM momentum mean?

The PEM segment provides the clearest contrast in the report. Revenue increased 65 percent year over year to NOK 89 million in the third quarter of 2026, while PEM order intake rose 473 percent to NOK 245 million. The group order backlog reached NOK 1,314 million, 34 percent above the third quarter of 2025. That commercial improvement has not yet offset weaker alkaline activity: group revenue from customer contracts fell 63 percent to NOK 112 million, while EBITDA was negative NOK 93 million.

Dates for the next reports

Nel lists February 19, 2027, for its annual report and April 21, 2027, for its first-quarter report in its investor-relations calendar. The company also reported a cash balance of NOK 1,078 million at the end of September 2026, giving the order backlog a financial cushion while losses remain material.

Cash and valuation frame the stock

Nel combines stronger PEM bookings with continued pressure on group profitability. The Oslo Bors listing had a market capitalization of NOK 3.7 billion and a 52-week range of NOK 1.92 to NOK 3.96 as of October 22, 2026.

Nel ASA was trading at EUR 0.19 at Lang & Schwarz on October 22, 2026, at 12:52 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Nel ASA stock.