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    NEL   NO0010081235

NEL ASA

(NEL)
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Nel ASA: Receives contract for PEM electrolyzer equipment

10/25/2021 | 03:23pm EST

(Oslo, 25 October 2021) Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a contract for PEM electrolyzer equipment from a leading global fuel cell company.

Nel Hydrogen US has received a purchase order for PEM electrolyzer equipment from an undisclosed, leading stationary fuel cell OEM. The purchase order has a value of approximately USD 2.6 million, and the equipment will be delivered between 2022 and 2024. Nel will also be providing design consulting services as part of the project.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its origins in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

https://news.cision.com/nel-asa/r/nel-asa--receives-contract-for-pem-electrolyzer-equipment,c3439960

https://mb.cision.com/Main/115/3439960/1486008.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 814 M 91,4 M 91,4 M
Net income 2021 -1 348 M -151 M -151 M
Net cash 2021 2 333 M 262 M 262 M
P/E ratio 2021 -14,4x
Yield 2021 -
Capitalization 18 861 M 2 127 M 2 119 M
EV / Sales 2021 20,3x
EV / Sales 2022 14,7x
Nbr of Employees 497
Free-Float 99,4%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 12,92 NOK
Average target price 18,76 NOK
Spread / Average Target 45,2%
EPS Revisions
Managers and Directors
Jon André Løkke Chief Executive Officer
Kjell Christians Bjørnsen Chief Financial Officer
Ole Enger Chairman
Anders Soreng Chief Technology Officer
Finn Marum Jebsen Independent Director
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