Nel's shares fall after underwhelming Q1 results

Nel ASA

30/04/2025 08:33

** Nel NEL.OL shares fall 6% after the Norwegian hydrogen solutions provider posted a Q1 loss larger than consensus expectations

** Its Q1 EBITDA loss was NOK 115 million ($11.12 million), while the company-provided consensus had seen a loss of NOK 81 million

** "Overall an underwhelming release," said RBC in its note, pointing out that while the order intake rose, the backlog fell and the earnings were a miss

($1 = 10.3457 Norwegian crowns)

 (Reporting by Agata Rybska)

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