Nel ASA's Q2 Earnings Preview: Revenue Growth on the Horizon, But Losses and Oversold Signals Loom
Published on 07/14/2026 at 18:45 | Redaktion boerse-global.de
Nel ASA is set to release its second-quarter results on July 15, and the numbers due out present a tale of two trends. Analysts expect the Norwegian electrolyser specialist to narrow its per-share loss slightly from last year’s -0.070 NOK to -0.067 NOK, while revenue is forecast to jump 12.41% to 195.5 million NOK. Yet that anticipated top-line improvement must be viewed against the backdrop of a tough start to the year: in Q1, the company posted a loss of -0.08 NOK per share and revenue of just 148.1 million NOK, a 4.66% decline from the prior-year period. For the full year, the consensus calls for a loss of -0.248 NOK per share on revenue of 803.4 million NOK — well below the 963.1 million NOK recorded in 2025.
The stock’s price action reflects the persistent headwinds. Currently trading at €0.20, Nel’s shares are down 0.74% on the day, have lost 3.61% over the past week, and have shed a hefty 16.11% over the last month. The technical picture looks stretched: the stock sits 22.56% below its 50-day moving average of €0.26 and 6.93% beneath its 200-day moving average of €0.22. With a 30-day annualised volatility of 62.69% and a relative strength index of 33.4 — firmly in oversold territory — the shares are clearly under pressure, but the oversold reading could also hint at a potential bounce if earnings deliver a positive surprise.
The gap between Nel’s 52-week extremes underscores just how far the stock has fallen from grace. The high of €0.37, set on May 25, 2026, is now 45.14% away, while the low of €0.17 from February 26, 2026 sits only 15.83% below the current price. Year-to-date the stock is up 4.59%, but over the past twelve months it has declined 13.58%. Market capitalisation stands at approximately €362.29 million. On the US over-the-counter market, the shares trade under the ticker NLLSF at $0.23, with a 52-week range of $0.1805 to $0.4263.
Should investors sell immediately? Or is it worth buying Nel ASA?
The wider hydrogen sector is also signalling caution. On July 13, peer HydrogenPro ASA announced a private placement of up to 12.76 million new shares at NOK 0.50 each, with top executives including the CEO and CFO participating. Such capital-raising moves underscore the industry’s ongoing need for fresh funding, a dynamic that Nel’s investors will be watching closely. Meanwhile, an analyst tool from StockInvest.us has rated Nel a sell since June 30, citing a closing price of NOK 2.38 on July 1, with support at NOK 2.35 and resistance at NOK 2.42.
All eyes now turn to Wednesday’s report. For Nel’s shareholders, the key question is whether the expected revenue recovery in Q2 can gain traction or whether the weakness that plagued the first quarter will persist. With the stock trading near its 52-week low and technical indicators flashing oversold, the quarterly numbers could provide the catalyst — or the confirmation — that sets the tone for the weeks ahead.
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Nel ASA Stock: New Analysis - 14 July
Fresh Nel ASA information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
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