Bernstein analyst Deepa Venkateswaran maintained a Buy rating on NEL ASA (NLLSF – Research Report) today and set a price target of NOK17.00. The company’s shares closed yesterday at $1.27.
According to TipRanks, Venkateswaran is ranked #1791 out of 8474 analysts.
Currently, the analyst consensus on NEL ASA is a Moderate Buy with an average price target of $1.66, representing a 30.71% upside. In a report released today, 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 $2.09B and has a P/E ratio of -13.76.
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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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