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Nel ASA Executive Increases Stake, Signaling Confidence in Hydrogen Technology

Story Highlights
  • Nel ASA is a leading hydrogen technology company specializing in renewable hydrogen production.
  • Hans Hide’s share purchase highlights confidence in Nel’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nel ASA Executive Increases Stake, Signaling Confidence in Hydrogen Technology

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NEL ASA ( (NLLSF) ) has shared an update.

Hans Hide, Chief Project Officer Electrolyser at Nel ASA, has purchased 10,000 shares in the company, increasing his total holdings to 40,000 shares and 600,000 options. This transaction, subject to EU and Norwegian disclosure regulations, underscores confidence in Nel’s market position as a key player in the hydrogen technology sector.

The most recent analyst rating on (NLLSF) stock is a Sell with a NOK1.90 price target. To see the full list of analyst forecasts on NEL ASA stock, see the NLLSF Stock Forecast page.

More about NEL ASA

Nel ASA is a leading hydrogen technology company with a global presence, specializing in electrolyser technology for the production of renewable hydrogen and hydrogen fueling equipment for vehicles. Their products are crucial for enabling a green hydrogen economy, aiding in the decarbonization of industries such as transportation, refining, steel, and ammonia.

Average Trading Volume: 5,154,760

Current Market Cap: NOK3.87B

For detailed information about NLLSF stock, go to TipRanks’ Stock Analysis page.

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