In a report released today, James Carmichael from Berenberg Bank maintained a Buy rating on NEL ASA (NLLSF – Research Report), with a price target of NOK19.00. The company’s shares closed yesterday at $1.59.
According to TipRanks, Carmichael is a 2-star analyst with an average return of 0.7% and a 44.87% success rate.
Currently, the analyst consensus on NEL ASA is a Moderate Buy with an average price target of $1.78, an 11.95% upside from current levels. In a report released on August 11, Goldman Sachs also maintained a Buy rating on the stock with a NOK20.00 price target.
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NLLSF market cap is currently $2.51B and has a P/E ratio of -21.78.
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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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