DNB Markets analyst Ole Andreas Krohn reiterated a Sell rating on NEL ASA (NLLSF – Research Report) today and set a price target of NOK7.00. The company’s shares closed yesterday at $1.38.
Andreas Krohn covers the Industrials sector, focusing on stocks such as Golden Ocean Group, AF Gruppen ASA, and Arjo AB. According to TipRanks, Andreas Krohn has an average return of 0.4% and a 45.32% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NEL ASA with a $1.55 average price target.
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NLLSF market cap is currently $2.09B and has a P/E ratio of -14.94.
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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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