Consensus Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Real-time Oslo Bors Other stock markets 06:51:06 13/02/2026 pm IST			5-day change	1st Jan Change
2.070 ^NOK	-1.99%		-2.63%	-7.26%

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

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

30/25/30	Kepler Cheuvreux Raises Price Target for Nel to NOK 1.90 (1.70), Reiterates Reduce	FW
29/25/29	Nel: Still short on orders despite positive Alkaline EBITDA in Q3
01/25/01	NEL ASA : Jefferies reiterates its Neutral rating	ZD
17/25/17	Kepler Cheuvreux Raises Target Price for Nel to NOK 1.70 (1.60), Reiterates Reduce	FW
16/25/16	Nel: Order scarcity continues as revenue runway shortens further
14/25/14	Nel: Lack of orders a crucial overhang, financial runway available, but FIDs needed
02/25/02	Kepler Cheuvreux lowers its target price for Nel to NOK 1.60 (2), reiterates its downgrade	FW
28/25/28	NEL ASA : RBC is Neutral	ZD
23/25/23	Morgan Stanley lowers target price for Nel to NOK 2 (3.50), reiterates Underweight - BN	FW
12/25/12	NEL ASA : Bernstein remains Neutral	ZD
27/25/27	Kepler Cheuvreux lowers target price for Nel to NOK 2 (2.50), reiterates reduce	FW
26/25/26	Nel: Alkaline profitability a bright spot, but 2024 order dearth undermines near-term progress
24/25/24	JP Morgan lowers target price for Nel to NOK 2.90 (4.70), reiterates neutral - BN	FW
23/25/23	HSBC cuts Nel's target price to NOK 2.40 (4.30), reiterates hold - BN	FW
21/25/21	Fearnley lowers target price for Nel to NOK 1.60 (3.30), reiterates sell - BN	FW
17/25/17	Citigroup cuts Nel target price to NOK 2.40 (6), reiterates neutral - BN	FW
15/25/15	DNB lowers target price for Nel to NOK 1.50 (2), reiterates sell - BN	FW
15/25/15	SEB lowers target price for Nel to NOK 1.60 (3.60), reiterates sell - BN	FW
14/25/14	NEL ASA : Bernstein remains Neutral	ZD
13/25/13	NEL ASA : RBC reiterates its Neutral rating	ZD
13/25/13	Jefferies lowers Husqvarna - wants more visibility - highlights Munters (update)	FW
13/25/13	Jefferies raises Nel to hold (underperform), target price NOK 3	FW
07/25/07	NEL ASA : RBC gives a Neutral rating	ZD
23/24/23	NEL ASA : Goldman Sachs is now Neutral	ZD
20/24/20	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					+4.56%
	SIEMENS ENERGY AG					-6.74%
	SUNGROW POWER SUPPLY CO., LTD.					+23.44%
	MING YANG SMART ENERGY GROUP LIMITED					-20.58%
	TRINA SOLAR CO., LTD.					+16.95%
	GOODWE TECHNOLOGIES CO., LTD.					-20.59%
	SHENZHEN HOPEWIND ELECTRIC CO., LTD.					+33.49%
	ARRAY TECHNOLOGIES, INC.					+3.41%
	DOOSAN SKODA POWER					+8.19%
	Average					+4.68%
	Weighted average by Cap.					-0.10%

See all sector consensus

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

2.112NOK

Average target price

2.208NOK

Spread / Average Target

+4.56%

High Price Target

4.200NOK

Spread / Highest target

+98.86%

Low Price Target

1.200NOK

Spread / Lowest Target

-43.18%

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