Business figures revealed by Nel ASA promptly trigger reactions from Nel-Aktie and financial analysts
Nel ASA, a Norwegian hydrogen company, has released its second-quarter financial results, which have been met with a mixed response from the stock market and analysts. The results show a significant increase in the operating loss (EBITDA) compared to the same period last year, with the loss increasing from -120 million Norwegian Kroner (NOK) to -197 million NOK.
The analyst Vivek Midha from Citi described the results as "mixed to negative," citing a challenging operational backdrop that could lead to larger losses. The negative free cash flow for Nel ASA in the second quarter was also worse than expected.
However, there are positives to be found in the results. The revenue for Nel ASA in the second quarter increased by 12% to 183 million NOK. The order backlog for the company has shown positive development, increasing by 33% to 1.44 billion NOK. The order intake for the second quarter was described as "healthy."
Despite the operational losses, analyst Vivek Midha sees signs of future growth for Nel ASA. The Euro Hydrogen Maxx Future certificate, which allows investors to diversify their investments in the entire value chain of hydrogen, could provide a promising avenue for the company's growth.
For those interested in learning more about the Euro Hydrogen Maxx Future certificate, more details can be found here.
Following the announcement of the results, Nel's shares took significant losses. It is advisable for those seeking precise financial details, statements, and market reaction specifics from Q2 2021 to consult Nel ASA’s official quarterly reports and market analyst reviews from that time, as the current search results do not provide this information.
In summary, while Nel ASA's second-quarter results show operational losses, there are signs of future growth and a growing order backlog. The company's focus on the hydrogen sector and the potential of the Euro Hydrogen Maxx Future certificate could provide a promising outlook for the future.
Investing in Nel ASA, a Norwegian hydrogen company, might still offer potential for growth despite their increased operational losses, as suggested by analyst Vivek Midha of Citi. The Euro Hydrogen Maxx Future certificate, which diversifies investments in the hydrogen value chain, could be a key element for this growth.
Nel ASA's second-quarter revenue experienced a 12% increase, and their order backlog has positively developed by 33%, both potential indicators of business progress.
