Norwegian hydrogen firm Nel exits the second quarter of 2021 with a net deficit of NOK 312m (EUR 29.9m) from a revenue post of merely NOK 164m.
The primary cause of such a deep dive on the bottom line, which came to NOK 597m in Q2 of 2020, is found in an unrealized loss resulting from a negative fair value adjustment of Nel's stake in Danish company Everfuel.
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