J.P. Morgan analyst Patrick Jones maintained a Sell rating on NEL ASA (NLLSF – Research Report) today and set a price target of NOK10.10. The company’s shares closed yesterday at $1.65.
Jones covers the Basic Materials sector, focusing on stocks such as Lundin Mining, FRESNILLO, and First Quantum Minerals. According to TipRanks, Jones has an average return of -14.4% and a 25.00% success rate on recommended stocks.
Currently, the analyst consensus on NEL ASA is a Moderate Buy with an average price target of $1.79.
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NLLSF market cap is currently $2.52B and has a P/E ratio of -22.59.
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NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy and gas companies with hydrogen technology. The company’s hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. Its products include hydrogen electrolyser and among others. Geographically activities are functioned through the region of Norway.
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