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Price
Target price
€0.47

€0.47

0.450%
0.0021
0.450%
€1.00

€1.00

 
18.09.24 / Tradegate WKN: A0B733 / Name: Nel ASA / Stock / Renewable Energy / Small Cap /
Latest predictions
18.09.24
0.53%
buy
08.09.24
7.13%
buy
07.09.24
7.13%
02.09.24
0.02%
buy
22.08.24
1.97%
22.08.24
-0.34%
buy
Your prediction

Nel ASA Stock

The Nel ASA stock is trending slightly upwards today, with an increase of €0.002 (0.450%) compared to yesterday's price.
Currently there is a rather positive sentiment for Nel ASA with 12 Buy predictions and 3 Sell predictions.
With a target price of 1 € there is potential for a 111.86% increase which would mean more than doubling the current price of 0.47 € for Nel ASA.
Our community identified positive and negative aspects for Nel ASA stock for the coming years. 22 users see the criterium "Worthwhile Investment for the next years" as a plus for the Nel ASA stock. On the other hand our users think that "General Risks" could be a problem in the future.

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 0.450% 6.932% 0.000% -47.995% -23.426% -62.980% -42.614%
Renewable Energy 2.020% 32.640% 16.349% -48.626% -43.695% -47.842% 54.678%
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% -23.485% -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.
Last updated at 2024-08-01

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.

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
Show more