How does NELO's PS Ratio compare to its peers?

NELO is good value based on its Price-To-Sales Ratio (5.1x) compared to the peer average (8.2x).

How does NELO's PS Ratio compare vs other companies in the GB Electrical Industry?

NELO is expensive based on its Price-To-Sales Ratio (5.1x) compared to the UK Electrical industry average (2.5x).

What is NELO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate NELO's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of NELO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate NELO's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Nel (BATS-CHIXE:NELO) - Stock Price, News & Analysis

NELO Stock Overview

A hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. More details

NELO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Revenue is forecast to grow 28.21% per year

Risk Analysis

Shares are highly illiquid

Currently unprofitable and not forecast to become profitable over the next 3 years

Nel ASA Competitors

ITM Power

AIM:ITM

UK£217.7m

Invinity Energy Systems

AIM:IES

UK£54.0m

SIMEC Atlantis Energy

AIM:SAE

UK£12.3m

Volex

AIM:VLX

UK£546.4m

Price History & Performance

Summary of all time highs, changes and price drops for Nel
Historical stock prices
Current Share Price	NOK 5.67
52 Week High	NOK 15.20
52 Week Low	NOK 5.67
Beta	1.18
11 Month Change	0%
3 Month Change	n/a
1 Year Change	-59.25%
33 Year Change	-72.09%
5 Year Change	-32.84%
Change since IPO	53.19%

Recent updates

Shareholder Returns

	NELO	GB Electrical	GB Market
7D	0%	-4.6%	2.2%
1Y	-59.3%	-12.1%	8.0%

Return vs Industry: NELO underperformed the UK Electrical industry which returned -20.6% over the past year.

Return vs Market: NELO underperformed the UK Market which returned 2.3% over the past year.

Price Volatility

Is NELO's price volatile compared to industry and market?
NELO volatility
NELO Average Weekly Movement	n/a
Electrical Industry Average Movement	7.3%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: NELO has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine NELO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1927	676	Hakon Volldal	nelhydrogen.com

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles.

Nel ASA Fundamentals Summary

How do Nel's earnings and revenue compare to its market cap?
NELO fundamental statistics
Market cap	NOK 8.77b
Earnings (TTM)	-NOK 685.02m
Revenue (TTM)	NOK 1.73b

5.1x

P/S Ratio

-12.8x

P/E Ratio

Is NELO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NELO income statement (TTM)
Revenue	NOK 1.73b
Cost of Revenue	NOK 798.93m
Gross Profit	NOK 932.32m
Other Expenses	NOK 1.62b
Earnings	-NOK 685.02m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 17, 2024

Earnings per share (EPS)	-0.41
Gross Margin	53.85%
Net Profit Margin	-39.57%
Debt/Equity Ratio	0.4%

How did NELO perform over the long term?

See historical performance and comparison

NELO Stock Overview

Rewards

Risk Analysis

Nel ASA Competitors

AIM:ITM

UK£217.7m

AIM:IES

UK£54.0m

AIM:SAE

UK£12.3m

AIM:VLX

UK£546.4m

Price History & Performance

Recent News & Updates

Nel ASA(OB:NEL) dropped from Oslo OBX Total Return Index

Nel ASA to Report Q3, 2025 Results on Oct 29, 2025

Nel ASA completed the Spin-Off of Cavendish Hydrogen ASA (OB:CAVEN).

ITOCHU Corporation (TSE:8001) and Osaka Gas Co., Ltd. (TSE:9532) agreed to acquire 13.56% stake in Everfuel A/S (OB:EFUEL) from Nel ASA (OB:NEL) for NOK 120 million.

Nel ASA to Report Q3, 2024 Results on Oct 16, 2024

High number of new directors

Recent updates

Nel ASA(OB:NEL) dropped from Oslo OBX Total Return Index

Nel ASA to Report Q3, 2025 Results on Oct 29, 2025

Nel ASA completed the Spin-Off of Cavendish Hydrogen ASA (OB:CAVEN).

ITOCHU Corporation (TSE:8001) and Osaka Gas Co., Ltd. (TSE:9532) agreed to acquire 13.56% stake in Everfuel A/S (OB:EFUEL) from Nel ASA (OB:NEL) for NOK 120 million.

Nel ASA to Report Q3, 2024 Results on Oct 16, 2024

High number of new directors

First quarter 2023 earnings released: kr0.12 loss per share (vs kr0.057 profit in 1Q 2022)

Full year 2022 earnings released: kr0.76 loss per share (vs kr1.14 loss in FY 2021)

An unknown buyer acquired a 17.64% stake in Hyon AS (OB:HYON) from Nel ASA (OB:NEL) for NOK 7 million.

Nel ASA to Report Fiscal Year 2022 Results on Feb 28, 2023

Third quarter 2022 earnings released: kr0.17 loss per share (vs kr0.35 loss in 3Q 2021)

Second quarter 2022 earnings released: kr0.18 loss per share (vs kr0.21 loss in 2Q 2021)

First quarter 2022 earnings released: EPS: kr0.057 (vs kr0.45 loss in 1Q 2021)

Nel ASA to Report Q2, 2022 Results on Aug 11, 2022

Full year 2021 earnings released: kr1.14 loss per share (vs kr0.92 profit in FY 2020)

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2021 earnings released: kr0.35 loss per share (vs kr0.47 loss in 3Q 2020)

Second quarter 2021 earnings released: kr0.21 loss per share (vs kr0.45 profit in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: kr0.45 loss per share (vs kr0.003 loss in 1Q 2020)

Full year 2020 earnings released

New 90-day low: kr23.39

Nel ASA has completed a Follow-on Equity Offering in the amount of NOK 1.225125 billion.

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS kr0.92 (vs kr0.22 loss in FY 2019)

Revenue beats expectations

New 90-day high: kr32.70

Everfuel Signs Contract with Nel for Delivery of 20 MW Electrolyser

New 90-day high: kr26.55

New 90-day high: kr24.35

Nel ASA Announces Nel Hydrogen Fueling Receives A Purchase Order for Multiple H2station Units for Fueling of Light-Duty Vehicles in California

Nel ASA to Report Fiscal Year 2020 Final Results on Mar 25, 2021

Nel ASA Receives First H2Station Order in Poland

Nel ASA has completed a Follow-on Equity Offering in the amount of NOK 125.7984 million.