Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-26 am EDT			5-day change	1st Jan Change
5 ^NOK	+9.51%		+5.51%	-27.43%

Apr. 26	Nel ASA Partners with Hy Stor Energy on the Mississippi Clean Hydrogen Hub	CI
Apr. 24	Hydrogen production using electricity to pick up speed - uncertainties remain	DP

NEL ASA : JP Morgan gives a Neutral rating

February 29, 2024 at 11:07 am EST

In a research note, JP Morgan analyst Patrick Jones has maintained his recommendation on the stock with a Neutral rating. The target price has been revised downwards and is now set at NOK 6.20 as compared to NOK 6.40 previously.

Latest news about Nel ASA

Nel ASA Partners with Hy Stor Energy on the Mississippi Clean Hydrogen Hub	Apr. 26	CI
Hydrogen production using electricity to pick up speed - uncertainties remain	Apr. 24	DP
NEL ASA : Berenberg reiterates its Buy rating	Apr. 18	ZD
NEL ASA : Goldman Sachs remains its Buy rating	Apr. 18	ZD
NEL : Model update: Adjusting for a higher-for-longer scenario and EBITDA break-even within the Alkaline division	Apr. 17
NEL : One-offs lift Q1 EBITDA, Alkaline EBITDA trajectory encouraging, Fueling to be spun-off	Apr. 17
Nel ASA Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 17	CI
Transcript : Nel ASA, Q1 2024 Earnings Call, Apr 17, 2024	Apr. 17
NEL ASA : Receives a Buy rating from RBC	Apr. 15	ZD
NEL ASA : Receives a Buy rating from RBC	Apr. 04	ZD
Nel Wins $90 Million US Funding Grant for Research, Development Projects	Mar. 14	MT
Nel Secures $75 Million of New Cash Incentives for Planned US Electrolyzer Plant	Mar. 14	MT
NEL ASA : Berenberg remains its Buy rating	Mar. 05	ZD
NEL ASA : UBS reiterates its Sell rating	Mar. 04	ZD
NEL ASA : RBC reiterates its Buy rating	Mar. 01	ZD
NEL ASA : JP Morgan gives a Neutral rating	Feb. 29	ZD
NEL : Positive end to 2023; Fueling to be (probably) spun-off; 2024 carries upside risk	Feb. 29
NEL ASA : UBS reaffirms its Sell rating	Feb. 28	ZD
NEL ASA : Goldman Sachs keeps its Buy rating	Feb. 28	ZD
NEL ASA : Jefferies reiterates its Neutral rating	Feb. 28	ZD
NEL ASA : RBC keeps its Buy rating	Feb. 28	ZD
Nel ASA Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Transcript : Nel ASA, Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
Nel Explores Potential Spin-off of Fueling Business	Feb. 28	MT
Nel Explores Spin-Off and Separate Listing of the Fueling Division	Feb. 28	CI

Chart Nel ASA

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Company Profile

Nel ASA is specialized in the development and manufacturing of optimal solutions for the production, storage and distribution of hydrogen from renewable energy sources. Net sales break down by activity as follows: - electrolyser manufacturing (80.3%); - hydrogen stations manufacturing (19.7%): designed to quickly recharge fuel cell electric vehicles. Net sales are distributed geographically as follows: Norway (2.6%), Europe (28.7%), the United States (52.9%), North America (1.9%), Asia (9.5%), Middle East (2.7%), Africa (0.7%), South America (0.6%) and Oceania (0.4%).

Sector

Renewable Energy Equipment & Services

Calendar

2024-07-17 - Q2 2024 Earnings Release

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Income Statement Evolution

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Analysis / Opinion

NEL : Model update: Adjusting for a higher-for-longer scenario and EBITDA break-even within the Alkaline division

April 17, 2024 at 12:43 pm EDT

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Ratings for Nel ASA

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

5 NOK

Average target price

6.475 NOK

Spread / Average Target

+29.50%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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