Analyst Reco. Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 10:45:00 2026-01-12 am EST			5-day change	1st Jan Change
2.258 ^NOK	+1.07%		-0.27%	+1.16%

Dec. 12	Nel Greenlights 1 GW Alkaline Production Plan in Norway	MT
Dec. 12	Nel to industrialize next generation pressurized alkaline platform	RE

Analyst Reco.

25-10-30	Kepler Cheuvreux Raises Price Target for Nel to NOK 1.90 (1.70), Reiterates Reduce	FW
25-10-29	NEL : Still short on orders despite positive Alkaline EBITDA in Q3
25-09-30	NEL ASA : Jefferies reiterates its Neutral rating	ZD
25-07-17	Kepler Cheuvreux Raises Target Price for Nel to NOK 1.70 (1.60), Reiterates Reduce	FW
25-07-16	NEL : Order scarcity continues as revenue runway shortens further
25-05-14	NEL : Lack of orders a crucial overhang, financial runway available, but FIDs needed
25-05-02	Kepler Cheuvreux lowers its target price for Nel to NOK 1.60 (2), reiterates its downgrade	FW
25-04-28	NEL ASA : RBC is Neutral	ZD
25-04-23	Morgan Stanley lowers target price for Nel to NOK 2 (3.50), reiterates Underweight - BN	FW
25-03-12	NEL ASA : Bernstein remains Neutral	ZD
25-02-27	Kepler Cheuvreux lowers target price for Nel to NOK 2 (2.50), reiterates reduce	FW
25-02-26	NEL : Alkaline profitability a bright spot, but 2024 order dearth undermines near-term progress
25-01-24	JP Morgan lowers target price for Nel to NOK 2.90 (4.70), reiterates neutral - BN	FW
25-01-23	HSBC cuts Nel's target price to NOK 2.40 (4.30), reiterates hold - BN	FW
25-01-21	Fearnley lowers target price for Nel to NOK 1.60 (3.30), reiterates sell - BN	FW
25-01-17	Citigroup cuts Nel target price to NOK 2.40 (6), reiterates neutral - BN	FW
25-01-15	DNB lowers target price for Nel to NOK 1.50 (2), reiterates sell - BN	FW
25-01-15	SEB lowers target price for Nel to NOK 1.60 (3.60), reiterates sell - BN	FW
25-01-14	NEL ASA : Bernstein remains Neutral	ZD
25-01-13	NEL ASA : RBC reiterates its Neutral rating	ZD
25-01-13	Jefferies lowers Husqvarna - wants more visibility - highlights Munters (update)	FW
25-01-13	Jefferies raises Nel to hold (underperform), target price NOK 3	FW
25-01-06	NEL ASA : RBC gives a Neutral rating	ZD
24-12-23	NEL ASA : Goldman Sachs is now Neutral	ZD
24-12-20	Goldman Sachs cuts Nel to neutral (buy), target price NOK 3 - BN	FW

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NEL : Still short on orders despite positive Alkaline EBITDA in Q3

October 29, 2025 at 11:05 am EDT