Nel slides for second day amid weak hydrogen sentiment

** Shares of Nel NEL fall 7.8% to NOK 8.45 per share, as the Norwegian hydrogen company continues to slide for a second day amid weak global sentiment

** "There has been very weak sentiment for other hydrogen stocks both in the Nordic region and globally recently," says Sparebank1 Markets analyst Thomas Dowling Næss

** Næss adds the Nel stock falling below "the psychological level of NOK 10/share" last week has likely played a role in the continued decline

** The company's shares have lost 15% of their value over the last two days

** Fearnleys analysts on Monday also struck a downbeat note on Nel due to its high production costs, oversupply, project delays and sluggish subsidies

** The stock sits among the worst performers on pan-European 600 SXXP for the second day running

($1 = 10.7877 Norwegian crowns)

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