Analyst Reco. Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 09:15:00 14/01/2026 pm IST			5-day change	1st Jan Change
2.258 ^NOK	-1.40%		-1.40%	+1.16%

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

Analyst Reco.

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

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NEL : Still short on orders despite positive Alkaline EBITDA in Q3

October 29, 2025 at 08:35 pm IST