This is a purchase I’ve been thinking about for quite some time now. NEL ASA reported their 3rd quarter results today and I’m still liking what I’m seeing. I consider this to be a slightly contrarian play on electrification of transportation. EVs are clearly going to be a big thing, there’s no doubt about it, but I still see a clear bull case for hydrogen. With this in mind I initiated a position on NEL ASA with a purchase of 7000 shares for 2,94 NOK per share. It’s a bit odd position for my dividend portfolio but as I’ve said in the past, it will be an ultimate dividend growth stock if and when it starts paying one. That remains to be seen and I’m willing to wait for that to happen.
See: http://nelhydrogen.com/news/third-quarter-2017-results/