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Price
Target price
€0.40

€0.40

-0.770%
-0.0031
-0.770%
€2.00
 
15:53 / Tradegate WKN: A0B733 / Name: Nel ASA / Stock / Renewable Energy / Small Cap /
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Nel ASA Stock

Nel ASA shows a slight decrease today, losing -€0.003 (-0.770%) compared to yesterday.
We see a rather positive sentiment for Nel ASA with 8 Buy predictions and 1 Sell predictions.
Based on the current price of 0.4 € the target price of 2 € shows a potential of 401.38% for Nel ASA which would more than double the current price.
For the coming years our community has positive and negative things to say abot the Nel ASA stock. Criterium "Worthwhile Investment for the next years" gathered the most positive votes but regarding "General Risks" there were negative voices in the community.

Nel ASA is a Norwegian-based company that specializes in hydrogen production, electrolysis, and fuel cell technologies, making it one of the leading innovators in the clean energy market. Founded in 1927, the company has a strong history of developing solutions for the production, storage, and distribution of hydrogen from various renewable sources, aiming to provide green hydrogen solutions to numerous industries including transportation, power generation, and maritime. Listed on the Oslo Stock Exchange under the ticker symbol NEL, Nel ASA plays a significant role in advancing the global shift towards sustainable energy, driven by the increasing awareness of climate change and the need for reduced reliance on fossil fuels.

Pros and Cons of Nel ASA in the next few years

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Performance of Nel ASA vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Nel ASA -0.770% -12.227% -5.077% -65.860% -34.783% -84.413% -
Renewable Energy -0.480% -4.700% 11.602% -39.449% -25.904% -48.949% -86.434%
Green Plains Inc. -1.260% -2.619% 3.737% -40.561% -13.248% -8.750% 42.723%
FutureFuel Corp. 4.670% 4.673% -15.789% -23.288% 0.000% -52.137% -

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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-04-15

After examining the financials of Nel ASA, a company operating within the renewable energy industry, it appears that the company's performance has demonstrated both strengths and weaknesses. Generally, the financials highlight the volatility and risk that is often associated with companies operating in the rapidly evolving renewable energy sector. In the following paragraphs, we'll discuss the pros and cons of Nel ASA's financials to give a comprehensive understanding of the company's performance.

Pros:

Increasing total assets: When comparing the yearly balance sheets, it's clear that Nel ASA's total assets have risen steadily over the years, from €6,136,696,000 in 2020 to NOK 6,950,512,000 in 2022. This growth in assets indicates that the company has been expanding and investing in its operations, which is generally viewed as a positive sign.

Comments

Prediction Buy
Perf. (%) -13.83%
Target price
Change
Ends at 22.10.22

Target price changed to 0.0
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Prediction Buy
Perf. (%) -13.83%
Target price 2.000
Change
Ends at 22.10.22

Target price changed to 2.0
Show more

Buy Nel ASA
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