{
  "id": 14633258,
  "title": "Nel Q3 2026 slides: revenue falls 63% as PEM orders surge",
  "url": "https://urgent.news/2026/10/15/nel-q3-2026-slides-revenue-falls-63-as-pem-orders-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T06:51:28.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/nel-q3-2026-slides-revenue-falls-63-as-pem-orders-surge-93CH-4950660"
  },
  "original_language": "en",
  "account": "In Nel ASA's third-quarter 2026 results, revenue fell by 63% year-over-year to NOK 112 million, despite a 339% surge in order intake to NOK 253 million. The company's PEM electrolyzer division drove the growth, but the alkaline division experienced a 91% revenue decline. Despite the mixed financial performance, Nel's stock rose 1.89% following the announcement. The alkaline division's struggles were evident, with revenue dropping 91% to NOK 23 million and EBITDA reaching negative NOK 41 million. However, the PEM division showed resilience, with revenue increasing 65% to NOK 89 million and EBITDA improving to negative NOK 24 million. The company secured significant orders, including a USD 20 million purchase from Collins Aerospace for Navy stacks and a USD 12 million order from a large US technology company. Additionally, Nel signed a memorandum of understanding with Rheinmetall to explore decentralized synthetic fuel production.",
  "summary": null,
  "key_points": [
    "Nel ASA's Q3 2026 revenue fell 63% to NOK 112 million",
    "PEM electrolyzer division drove 339% surge in order intake to NOK 253 million",
    "PEM division revenue increased 65% to NOK 89 million"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}