Hydrogen rally aftermath: Anticipating developments for Nel ASA and Plug Power
🔥 Hydrogen Stocks: Nel ASA and Plug Power on the Move!
📈 New Year, New Potential for Nel ASA and Plug Power
Last year wasn't the best for hydrogen stocks. Nel ASA lost 47%, and Plug Power a whopping 56%. But with a fresh start in 2023, both have seen a promising rise. Learn what lies ahead with this no-holds-barred breakdown.
Nel ASA Stock: A Mixed Picture
📈 Gains on the Chart, But Losses Ahead?Nel ASA's stock has already surged 16% this year, setting a positive tone. But the numbers tell a different story. Losses per share are projected to remain high at 3.8 cents in 2023, following 4.1 cents in 2022. Revenue, however, is expected to significantly increase from 80.52 million euros.
- Despite the 16% surge in Nel ASA's stock this year, the financial ratio, specifically the losses per share, is projected to remain high at 3.8 cents in 2023.
- Comparatively, Plug Power, similarly situated in the hydrogen stocks sector, is anticipated to continue its downward trend with a projected loss of 56% in 2023, following a whopping 56% loss in the previous year.
- In the realm of finance and investing, with technology playing a pivotal role, the performance of hydrogen stocks like Nel ASA and Plug Power in 2023 will be a key indicator signifying potential growth or continued struggles.
- As we move into 2023, the narrative surrounding hydrogen stocks is not just about recovery but about seizing opportunities and mitigating risks, particularly with companies like Nel ASA and Plug Power.
