J.P. Morgan analyst Patrick Jones maintained a Hold rating on NEL ASA (NLLSF – Research Report) today and set a price target of NOK6.40. The company’s shares closed yesterday at $0.50.
According to TipRanks, Jones is an analyst with an average return of -4.2% and a 42.72% success rate. Jones covers the Basic Materials sector, focusing on stocks such as Anglo American, Lundin Mining, and First Quantum Minerals.
The word on The Street in general, suggests a Hold analyst consensus rating for NEL ASA with a $0.88 average price target.
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The company has a one-year high of $1.87 and a one-year low of $0.46. Currently, NEL ASA has an average volume of 63.43K.
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NEL ASA (NLLSF) Company Description:
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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