Consensus Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 10:45:00 2025-12-09 am EST			5-day change	1st Jan Change
2.294 ^NOK	-1.80%		-4.10%	-15.16%

Dec. 05	State Energy Ministers Push for Rapid Hydrogen Expansion	DP
Nov. 10	Nel ASA Enters into an Agreement with GreenH to Be the Technology Provider for the Enova-Supported Projects in Kristiansund and Slagentangen	CI

Evolution of the Average Target: Nel ASA

Evolution of the Target Price: Nel ASA

Changes in Analyst Recommendations: Nel ASA

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Analysts' recommendations: Nel ASA

Oct. 30	Kepler Cheuvreux Raises Price Target for Nel to NOK 1.90 (1.70), Reiterates Reduce	FW
Oct. 29	NEL : Still short on orders despite positive Alkaline EBITDA in Q3
Sep. 30	NEL ASA : Jefferies reiterates its Neutral rating	ZD
Jul. 17	Kepler Cheuvreux Raises Target Price for Nel to NOK 1.70 (1.60), Reiterates Reduce	FW
Jul. 16	NEL : Order scarcity continues as revenue runway shortens further
May. 14	NEL : Lack of orders a crucial overhang, financial runway available, but FIDs needed
May. 02	Kepler Cheuvreux lowers its target price for Nel to NOK 1.60 (2), reiterates its downgrade	FW
Apr. 28	NEL ASA : RBC is Neutral	ZD
Apr. 23	Morgan Stanley lowers target price for Nel to NOK 2 (3.50), reiterates Underweight - BN	FW
Mar. 12	NEL ASA : Bernstein remains Neutral	ZD
Feb. 27	Kepler Cheuvreux lowers target price for Nel to NOK 2 (2.50), reiterates reduce	FW
Feb. 26	NEL : Alkaline profitability a bright spot, but 2024 order dearth undermines near-term progress
Jan. 24	JP Morgan lowers target price for Nel to NOK 2.90 (4.70), reiterates neutral - BN	FW
Jan. 23	HSBC cuts Nel's target price to NOK 2.40 (4.30), reiterates hold - BN	FW
Jan. 21	Fearnley lowers target price for Nel to NOK 1.60 (3.30), reiterates sell - BN	FW
Jan. 17	Citigroup cuts Nel target price to NOK 2.40 (6), reiterates neutral - BN	FW
Jan. 15	DNB lowers target price for Nel to NOK 1.50 (2), reiterates sell - BN	FW
Jan. 15	SEB lowers target price for Nel to NOK 1.60 (3.60), reiterates sell - BN	FW
Jan. 14	NEL ASA : Bernstein remains Neutral	ZD
Jan. 13	NEL ASA : RBC reiterates its Neutral rating	ZD
Jan. 13	Jefferies lowers Husqvarna - wants more visibility - highlights Munters (update)	FW
Jan. 13	Jefferies raises Nel to hold (underperform), target price NOK 3	FW
Jan. 06	NEL ASA : RBC gives a Neutral rating	ZD
Dec. 23	NEL ASA : Goldman Sachs is now Neutral	ZD
Dec. 20	Goldman Sachs cuts Nel to neutral (buy), target price NOK 3 - BN	FW

More recommendations

Sector Comparison:

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Consensus	Analysts' recommendations evolution (4 months)	Financial estimates divergence	Analysts' Target price divergence	Objective/dr gap
	NEL ASA					-2.61%
	SIEMENS ENERGY AG					+2.33%
	SUNGROW POWER SUPPLY CO., LTD.					+2.3%
	TRINA SOLAR CO., LTD.					+32.08%
	MING YANG SMART ENERGY GROUP LIMITED					+9.71%
	SHENZHEN HOPEWIND ELECTRIC CO., LTD.					+30.77%
	GOODWE TECHNOLOGIES CO., LTD.					+18.16%
	ARRAY TECHNOLOGIES, INC.					+36.48%
	DOOSAN SKODA POWER					+5.33%
	Average					+14.95%
	Weighted average by Cap.					+4.06%

See all sector consensus

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

2.336NOK

Average target price

2.275NOK

Spread / Average Target

-2.61%

High Price Target

4.200NOK

Spread / Highest target

+79.79%

Low Price Target

1.200NOK

Spread / Lowest Target

-48.63%

Analyst Consensus Detail

Consensus revision (last 18 months)

Analysts covering the company

alphavalue	Kulwinder Rajpal
JEFFERIES	Constantin Hesse
RBC	Erwan Kerouredan
BERNSTEIN RESEARCH	Yoann Charenton
GOLDMAN SACHS	Michele della Vigna
JPMORGAN	Patrick Jones
BERENBERG	James Carmichael
UBS	Christopher Leonard
CREDIT SUISSE	Christopher Leonard
BARCLAYS	James Hosie
MORGAN STANLEY	Arthur Sitbon