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Nel ASA Earnings Calls
| Release date | Apr 28, 2026 |
| EPS estimate | - |
| EPS actual | -$0.240 |
| Revenue estimate | 16.908M |
| Revenue actual | 15.176M |
| Revenue Surprise | -10.24% |
| Release date | Feb 24, 2026 |
| EPS estimate | - |
| EPS actual | -$1.40 |
| Revenue estimate | 25.98M |
| Revenue actual | 32.727M |
| Revenue Surprise | 25.97% |
| Release date | Oct 29, 2025 |
| EPS estimate | - |
| EPS actual | -$0.0138 |
| Revenue estimate | - |
| Revenue actual | 3.021M |
| Release date | Jul 16, 2025 |
| EPS estimate | - |
| EPS actual | -$0.0071 |
| Revenue estimate | 224.607M |
| Revenue actual | 17.231M |
| Revenue Surprise | -92.33% |
Last 4 Quarters for Nel ASA
Below you can see how NLLSY performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 16, 2025 |
| Price on release | $7.20 |
| EPS estimate | - |
| EPS actual | -$0.0071 |
| Date | Price |
|---|---|
| Jul 10, 2025 | $7.20 |
| Jul 11, 2025 | $7.20 |
| Jul 14, 2025 | $7.20 |
| Jul 15, 2025 | $7.20 |
| Jul 16, 2025 | $7.20 |
| Jul 17, 2025 | $7.91 |
| Jul 18, 2025 | $7.25 |
| Jul 21, 2025 | $7.91 |
| Jul 22, 2025 | $7.91 |
| 4 days before | 0% |
| 4 days after | 9.79% |
| On release day | 9.79% |
| Change in period | 9.79% |
| Release date | Oct 29, 2025 |
| Price on release | $7.50 |
| EPS estimate | - |
| EPS actual | -$0.0138 |
| Date | Price |
|---|---|
| Oct 23, 2025 | $7.50 |
| Oct 24, 2025 | $7.50 |
| Oct 27, 2025 | $7.50 |
| Oct 28, 2025 | $6.55 |
| Oct 29, 2025 | $7.50 |
| Oct 30, 2025 | $7.50 |
| Oct 31, 2025 | $6.55 |
| Nov 03, 2025 | $6.55 |
| Nov 04, 2025 | $6.50 |
| 4 days before | 0% |
| 4 days after | -13.33% |
| On release day | 0% |
| Change in period | -13.33% |
| Release date | Feb 24, 2026 |
| Price on release | $7.14 |
| EPS estimate | - |
| EPS actual | -$1.40 |
| Date | Price |
|---|---|
| Feb 18, 2026 | $6.85 |
| Feb 19, 2026 | $6.85 |
| Feb 20, 2026 | $7.14 |
| Feb 23, 2026 | $7.14 |
| Feb 24, 2026 | $7.14 |
| Feb 25, 2026 | $7.14 |
| Feb 26, 2026 | $6.95 |
| Feb 27, 2026 | $6.95 |
| Mar 02, 2026 | $6.49 |
| 4 days before | 4.23% |
| 4 days after | -9.10% |
| On release day | 0% |
| Change in period | -5.26% |
| Release date | Apr 28, 2026 |
| Price on release | $7.53 |
| EPS estimate | - |
| EPS actual | -$0.240 |
| Date | Price |
|---|---|
| Apr 22, 2026 | $6.93 |
| Apr 23, 2026 | $6.93 |
| Apr 24, 2026 | $6.93 |
| Apr 27, 2026 | $7.53 |
| Apr 28, 2026 | $7.53 |
| Apr 29, 2026 | $8.45 |
| Apr 30, 2026 | $8.45 |
| May 01, 2026 | $8.45 |
| May 04, 2026 | $8.45 |
| 4 days before | 8.74% |
| 4 days after | 12.22% |
| On release day | 12.22% |
| Change in period | 22.02% |
Nel ASA Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Q1 2026 results: Revenue NOK 148m, negative EBITDA NOK 100m (improvement of NOK 15m y/y), order intake NOK 85m, backlog NOK 1.1bn, cash NOK 1.4bn. EU grant of EUR 11m tied to pressurized alkaline industrialization expected in Q2 2026.
- Commercial activity: Quiet Q1 (typical seasonality). Commissioned Korea's first off-grid green hydrogen facility (10 MW alkaline) in March. April order for containerized PEM equipment (~$7m) and growing momentum in containerized PEM segment (repeat customers, modular, short delivery times).
- Technology and product roadmap: Major commercial launch of new pressurized alkaline platform at Herøya on May 6, 2026. Goal to install first 500 MW of pressurized alkaline capacity by end-2026; CapEx/MW materially lower vs atmospheric alkaline or PEM. Next-generation PEM stack under development with target of ~70% stack cost reduction; prototype work in 2026, commercialization expected in a couple of years (likely 2028–29 but timing uncertain).
- Operational actions: Headcount reduced ~26% from peak (≈300 employees remaining) and personnel costs down ~21% y/y to align cost base with lower market demand; R&D largely preserved to progress new platforms. Reduced manufacturing capacity may limit ability to execute at scale until orders rebound.
- Market and outlook: Management sees improving market momentum in 2026 vs 2025 and expects more FIDs and order flow this year (including containerized PEM to bridge near-term activity). Middle East tensions causing some project delays and material price volatility, but management believes new modular/industrialized products reduce exposure to on-site labor and material inflation.
- Financial position and risks: Cash position described as solid and can be stretched if order recovery is slower; however current backlog is insufficient to fully load 2027 — order intake this year is important to fund 2027 volumes. DOE grant timing/continuity (historical PEM research grants) remains uncertain and has hurt PEM results recently but management expects reinstatement although timing is unclear.
