Downgrade of Nel-ASA shares rocks hydrogen market

Downgrade of Nel-ASA shares rocks hydrogen market

Hydrogen shareholders are facing difficult times. A downgrade in Nel-Asa shares caused both the hydrogen stock itself and shares of competitor Plug Power to fall on Wednesday. Nel shares fell on the Oslo Stock Exchange after the stock rating was downgraded from 'hold' to 'sell' by Pareto Securities. This led to a drop in the hydrogen energy company's share price by almost 16 percent to 5.24 Norwegian krone. The shares of competitor Plug Power also lost value and fell by over five percent.

The share downgrade has put investors on notice as Nel-Asa previously posted a rise of about 30 percent in the current month of April. Pareto Securities' decision to lower the rating has led to a significant decline in prices and dampened sentiment among hydrogen investors. It remains to be seen how the shares will develop and whether there are opportunities to offset losses.

Investors involved in hydrogen companies should keep a close eye on current developments and weigh possible risks. The downgrade to 'Sell' by Pareto Securities has a significant impact on the market and highlights the volatility in this sector. It remains to be seen whether hydrogen stocks can recover or whether further downgrades are imminent.

It is advisable to keep up to date with the latest developments in the hydrogen industry and possibly seek professional advice to make informed investment decisions. The current downgrades to 'Sell' should serve as a warning signal for investors invested in this sector who may consider making adjustments to their investment strategies.