Nel ASA in 2 stories
The narratives NEL.OL currently appears in, with its side and exposure in each.
Bull side
1 story- Carbon Gets a Customs Booth
NEL.OL in “Carbon Gets a Customs Booth”
FadingExposure: not rated yetEurope’s carbon border turns emissions intensity into a trade cost and low-carbon production into a competitive moat.
Nel's electrolyzers enable renewable hydrogen production, which can avoid much of the CBAM burden attached to conventionally produced imported hydrogen and help decarbonize steel and fertilizer plants.
Bear side
1 story- Gas Turbines Become the New Backlog
NEL.OL in “Gas Turbines Become the New Backlog”
AcceleratingExposure: not rated yetData centers and grid instability are reviving dispatchable gas power faster than manufacturers can add turbine capacity.
Utilities prioritizing conventional gas capacity weaken the near-term investment case for capital-intensive green-hydrogen projects.