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Nel ASA share: Excitement before quarterly figures
Nel ASA is finally able to make an exclamation mark on the stock market again - but is the breakout to the north on shaky ground? Now it's all about the numbers! Exciting developments for investors.
Nel ASA share: Excitement before quarterly figures
The hydrogen stocks, including Nel ASA, are behaving in the opposite direction to the general market trend. While the stock markets recorded record highs, companies such as Nel ASA suffered heavy losses. But there were surprisingly strong gains on Tuesday, particularly in Nel ASA. The company recorded price gains of over twelve percent and thus passed the important EUR 0.50 mark. This positive development continued on Wednesday, with a further increase of 3.7 percent to 0.56 euros.
The exact reasons for these significant gains are unclear as there were no new orders or other news that could explain these price movements. It seems that chart technology is currently playing a crucial role. However, this could soon change. In a week, Nel ASA will report quarterly figures, which will shed light on whether the current share price increases are justified or not.
It remains to be seen whether Nel ASA can meet shareholders' expectations. Positive surprises are possible because expectations are already relatively low. However, it remains uncertain whether this development will last. A sustained improvement in the stock outlook could already be achieved by the bulls defending the 0.50 euro mark. This would indicate that at least the low point has been overcome. So it remains exciting to see how Nel ASA will develop in the coming days and weeks.