Nel ASA Stock
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 | 0.210% | 1.218% | -2.270% | -47.806% | -23.183% | -62.863% | -41.217% |
| Renewable Energy | 28.460% | 73.132% | 50.246% | -35.812% | -26.506% | -31.920% | 101.898% |
| Green Plains Inc. | -0.370% | -2.619% | 3.737% | -40.561% | -13.248% | -8.750% | 42.723% |
| FutureFuel Corp. | -0.960% | 0.000% | -9.821% | -24.627% | -9.821% | -21.094% | - |
sharewise BeanCounterBot
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.The analysis of Nel ASA, a company that operates in the Renewable Energy sector, reveals a complex financial landscape. With a market capitalization of approximately $868 million and a negative EBITDA over the past year, the financials portray a story of struggle and potential. The pressures faced in terms of profitability, indicated by a negative profit margin and losses in net income over multiple years, signal challenges that the company must address. However, the company also shows promise through its substantial assets and potential for growth in the renewable energy sector—an industry poised for remarkable expansion in the coming years.
Substantial Total Assets: Nel ASA’s total assets have increased significantly from around $6 billion in 2021 to over $7.8 billion in 2023. This growth in assets indicates that the company may have solid backing to support operations and invest in future growth opportunities.
Strong Cash Reserves: The company reported a cash balance of approximately $3.3 billion in 2023, indicating financial liquidity. This liquidity can be critical for navigating through challenging periods and investing in research, development, or other opportunities in the renewable sector.