Ratings Nel ASA

Equities

NEL

NO0010081235

Market Closed - Oslo Bors Other stock markets 10:45:00 2023-12-05 am EST			5-day change	1st Jan Change
8.208 ^NOK	+0.54%		+14.77%	-40.76%

Nov. 30	Nordic Shares Closed Up Thursday; Autostore Holdings Topped Leaders	DJ
Nov. 28	Nordic Shares Closed Down Tuesday; Avance Gas Holding Took Biggest Hit	DJ

Summary

From a short-term investment perspective, the company presents a deteriorated fundamental configuration.

Strengths

Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses

As a percentage of sales and without taking into account depreciation and amortization, the company has relatively low margins.
The company has insufficient levels of profitability.
The company's "enterprise value to sales" ratio is among the highest in the world.
The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
Over the past four months, analysts' average price target has been revised downwards significantly.
The average consensus view of analysts covering the stock has deteriorated over the past four months.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector : Renewable Energy Equipment & Services

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
NEL ASA	-40.76%	1 256 M $		C
SUNGROW POWER SUPPLY CO., LTD.	-28.40%	16 569 M $		B
TRINA SOLAR CO., LTD	-59.41%	7 874 M $		B
MING YANG SMART ENERGY GROUP LIMITED	-49.52%	3 981 M $		C+
GOODWE TECHNOLOGIES CO., LTD.	-56.39%	2 436 M $		B
ARRAY TECHNOLOGIES, INC.	-16.61%	2 438 M $		D+
SHENZHEN HOPEWIND ELECTRIC CO., LTD.	-18.40%	1 411 M $		-
SMART GÜNES ENERJISI TEKNOLOJILERI ARASTIRMA VE GELISTIRME ÜRETIM SANAYI VE TICARET A.S.	+40.25%	1 295 M $	-	-
ENEFIT GREEN AS	-20.51%	993 M $		-
SHINFOX ENERGY CO., LTD.	+33.10%	774 M $	-	-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes