Nel ASA (NEL)

Currency in NOK
2.00
-0.06(-2.91%)
Closed·
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Fair Value
Day's Range
2.002.07
52 wk Range
1.923.96
Key Statistics
Prev. Close
2
Open
2.07
Day's Range
2-2.07
52 wk Range
1.92-3.96
Volume
1.67M
Average Volume (3m)
2.32M
1-Year Change
-22.6605%
Book Value / Share
1.87
Fair Value
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Fair Value Upside
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NEL Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
2.16
Upside
+8.18%
Members' Sentiments
Bearish
Bullish
ProTips
Impressive gross profit margins

Nel ASA News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

0 Buy
7 Hold
5 Sell
Ratings:
12 analysts
Overall Consensus
Sell

Analysts 12-Month Price Target:

Average 2.16
(+8.18% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Citi
Hold2.20+10.00%2.40MaintainOct 16, 2026
JPMorgan
Hold1.80-10.00%2.90MaintainAug 05, 2026
Berenberg
Hold2.30+15.00%2.60MaintainMar 19, 2026
Citi
Hold2.40+20.00%2.70MaintainMar 16, 2026
Goldman Sachs
Hold2.20+10.00%2.00MaintainJan 20, 2026

Nel ASA Earnings Call Summary for Q3/2026

  • Nel ASA Q3 revenue plunged 63% YoY to NOK 112M with EBITDA at negative NOK 93M, driven by 91% decline in alkaline division sales.
  • Order intake surged 340% to NOK 253M while backlog grew to NOK 1.314B, primarily from PEM division which posted 65% revenue growth YoY.
  • Operating cash flow remained negative at NOK 200M, though company maintains solid liquidity with NOK 1.078B cash position and 4.0 current ratio.
  • CEO expects first pressurized alkaline platform customer announcements within months; next-gen PEM stack testing with GM to begin in 2027.
  • Two Hyds project sites moved to at-risk backlog and won't deliver in 2027; management cites market shift toward cheaper, modular solutions.
Last Updated: 2026-10-15, 02:40 a/m
Read Full Transcript

Earnings

Latest Release
Oct 15, 2026
EPS / Forecast
-0.08 / -0.06
Revenue / Forecast
112M / 202.2M
EPS Revisions
Last 90 days

NEL Income Statement

Compare NEL to Peers and Sector

Metrics to compare
NEL
Peers
Sector
Relationship
P/E Ratio
−2.8x5.4x11.5x
PEG Ratio
0.020.010.03
Price/Book
1.1x2.2x1.4x
Price / LTM Sales
5.0x2.1x1.2x
Upside (Analyst Target)
6.6%38.0%33.4%
Fair Value Upside
Unlock6.2%10.0%Unlock

Nel ASA, a hydrogen company, provides solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates through Nel Alkaline Electrolyser and Nel PEM Electrolyser segments. The Nel Alkaline Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology. The Nel PEM Electrolyser segment supplies hydrogen production equipment based on proton exchange membrane (PEM) water electrolysis technology. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.

Sector
Energy
Employees
309
Market
Norway

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
91.06M4.95%188.05M
Other Institutional Investors
196.89M10.71%406.57M
Public Companies & Retail Investors
1.55B84.33%3.20B
Total
1.84B100.00%3.8B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Samsung E&A Co., Ltd.9.09%167,132,530345,129
The Goldman Sachs Group, Inc.1.64%30,143,91262,247

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FAQ

What Is the Nel ASA (NEL) Stock Price Today?

The Nel ASA stock price today is 2.00 NOK.

What Stock Exchange Does Nel ASA Trade On?

Nel ASA is listed and trades on the Oslo Stock Exchange.

What Is the Stock Symbol for Nel ASA?

The stock symbol for Nel ASA is "NEL."

What Is the Nel ASA Market Cap?

As of today, Nel ASA market cap is 3.80B NOK.

What Is Nel ASA's Earnings Per Share (TTM)?

The Nel ASA EPS (TTM) is -0.73.

When Is the Next Nel ASA Earnings Date?

Nel ASA will release its next earnings report on Feb 19, 2027.

From a Technical Analysis Perspective, Is NEL a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Nel ASA Stock Split?

Nel ASA has split 15 times.

How Many Employees Does Nel ASA Have?

Nel ASA has 309 employees.

What is the current trading status of Nel ASA (NEL)?

As of Oct 19, 2026, Nel ASA (NEL) is trading at a price of 2.00 NOK, with a previous close of 2.00 NOK. The stock has fluctuated within a day range of 2.00 NOK to 2.07 NOK, while its 52-week range spans from 1.92 NOK to 3.96 NOK.

What Is Nel ASA (NEL) Price Target According to Analysts?

The average 12-month price target for Nel ASA is 2.16 NOK, with a high estimate of 4.2 NOK and a low estimate of 1.2 NOK. 0 analysts recommend buying the stock, while 5 suggest selling, leading to an overall rating of Sell. The stock has an +8.18% Upside potential.
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