Suche
Mein Konto
Nel ASA: Hydrogen stock defies challenges and presents new products and opportunities
Dear readers, hydrogen stocks are currently in difficult times, but the hydrogen boom is not over yet. In particular, Nel ASA, Plug Power and Co are just now really taking off, especially Nel ASA. The Norwegian hydrogen specialist is actively defending itself against the negative market sentiment. In its current newsletter “Hydrogen Briefing”, Nel ASA explains how they are dealing with the challenges arising from the skeptical attitude of private investors. Nel ASA recently reported its third quarter results, which resulted in significant losses for Nel ASA shares. Experts are having difficulty giving a conclusive assessment as the current...
Nel ASA: Hydrogen stock defies challenges and presents new products and opportunities
Dear readers,
Hydrogen stocks are having a tough time right now, but the hydrogen boom isn't over yet. In particular, Nel ASA, Plug Power and Co are just now really taking off, especially Nel ASA. The Norwegian hydrogen specialist is actively defending itself against the negative market sentiment. In its current newsletter “Hydrogen Briefing”, Nel ASA explains how they are dealing with the challenges arising from the skeptical attitude of private investors.
Nel ASA recently reported its third quarter results, which resulted in significant losses for Nel ASA shares. Experts are having difficulty giving a final assessment because the current figures do not provide a sufficient explanation for the price loss. Nel ASA's CEO Håkon Volldal answered questions from analysts after the balance sheet presentation and spoke primarily about the topic of electrolysers.
Volldal emphasizes that he sees no danger of imminent overcapacity for green hydrogen. Analyst reports that claim this are often out of touch and do not reflect the realities of practice. Nel ASA can score points over its competitors due to its experience and successful projects. Although Nel ASA has not yet been part of the selected hydrogen hubs in the US, Volldal believes they can win a contract with the support of hub funds in the future.
In addition to Nel ASA, Plug Power shares are also experiencing turbulence. The American H2 specialist's quarterly figures could be disappointing. The same applies to Ballard Power, which will report its third-quarter results on November 7th. Ballard Power shares are highly volatile and expert opinions on the stock vary greatly.
In summary, the market environment for pure players in the hydrogen industry is difficult. Rising energy prices, rising interest rates, approval processes and public financing are making things difficult for them. Nevertheless, both Nel ASA, Plug Power and Ballard Power see opportunities for their business and rely on their expertise and experience to assert themselves in the market environment.
According to a report from www.finanztrends.de,
Read the source article at www.finanztrends.de