Analyst Reco. Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Real-time Oslo Bors Other stock markets 07:37:38 08/06/2026 pm IST			5-day change	1st Jan Change
2.945 ^NOK	-1.01%		-15.25%	+31.94%

10:03am	Nel Agrees to Settlement of Iwatani Lawsuit	MT
09:52am	Nel and Cavendish Hydrogen settle with Iwatani	FW

Analyst Reco.

22/04	NEL ASA : RBC reaffirms its Neutral rating	ZD
20/04	Nel: EPS upgrade (2025: from NOK -0.29 to -0.27, 2026: from NOK -0.24 to -0.23)
18/03	NEL ASA : Berenberg is Neutral	ZD
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 raises Nel to hold (underperform), target price NOK 3	FW
07/25/07	NEL ASA : RBC gives a Neutral rating	ZD