Nel (OB:NEL) - Stock Price, News & Analysis

NEL Stock Overview

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally.

About the company

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

Rewards

Revenue is forecast to grow 28.33% per year

Risk Analysis

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

Volatile share price over the past 3 months

Nel ASA Competitors

Bonheur

OB:BONHR

kr9.9b

Arendals Fossekompani

OB:AFK

kr9.7b

Cadeler

OB:CADLR

kr17.7b

Norconsult

OB:NORCO

kr7.4b

Price History & Performance

Summary of all time highs, changes and price drops for Nel
Historical stock prices
Current Share Price	kr4.65
52 Week High	kr15.30
52 Week Low	kr4.23
Beta	1.18
1 Month Change	-1.59%
3 Month Change	-14.55%
1 Year Change	-64.95%
3 Year Change	-80.21%
5 Year Change	-23.14%
Change since IPO	-98.29%

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

Apr 10

Calculating The Fair Value Of Nel ASA (OB:NEL)

Mar 27

Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Mar 01

Recent updates

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

Apr 10

Calculating The Fair Value Of Nel ASA (OB:NEL)

Mar 27

Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Mar 01

Shareholder Returns

	NEL	NO Electrical	NO Market
7D	-11.1%	-0.8%	-0.6%
1Y	-64.9%	16.4%	2.8%

Return vs Industry: NEL underperformed the Norwegian Electrical industry which returned 16.4% over the past year.

Return vs Market: NEL underperformed the Norwegian Market which returned 2.8% over the past year.

Price Volatility

Is NEL's price volatile compared to industry and market?
NEL volatility
NEL Average Weekly Movement	9.6%
Electrical Industry Average Movement	5.7%
Market Average Movement	5.1%
10% most volatile stocks in NO Market	10.5%
10% least volatile stocks in NO Market	2.9%

Stable Share Price: NEL's share price has been volatile over the past 3 months.

Volatility Over Time: NEL's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

Founded	Employees	CEO	Website
1927	669	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?
NEL fundamental statistics
Market cap	kr7.77b
Earnings (TTM)	-kr685.02m
Revenue (TTM)	kr1.73b

4.5x

P/S Ratio

-11.3x

P/E Ratio

Is NEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NEL income statement (TTM)
Revenue	kr1.73b
Cost of Revenue	kr798.93m
Gross Profit	kr932.32m
Other Expenses	kr1.62b
Earnings	-kr685.02m

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 NEL perform over the long term?

See historical performance and comparison

NEL Stock Overview

Rewards

Risk Analysis

Nel ASA Competitors

OB:BONHR

kr9.9b

OB:AFK

kr9.7b

OB:CADLR

kr17.7b

OB:NORCO

kr7.4b

Price History & Performance

Recent News & Updates

First quarter 2024 earnings released: kr0.013 loss per share (vs kr0.12 loss in 1Q 2023)

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

Calculating The Fair Value Of Nel ASA (OB:NEL)

Now 20% undervalued after recent price drop

Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Recent updates

First quarter 2024 earnings released: kr0.013 loss per share (vs kr0.12 loss in 1Q 2023)

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

Calculating The Fair Value Of Nel ASA (OB:NEL)

Now 20% undervalued after recent price drop

Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

No longer forecast to breakeven

Price target decreased by 7.2% to kr7.99

Price target decreased by 7.3% to kr8.44

Now 24% overvalued

Why We're Not Concerned Yet About Nel ASA's (OB:NEL) 27% Share Price Plunge

Price target decreased by 9.3% to kr9.13

At kr5.94, Is It Time To Put Nel ASA (OB:NEL) On Your Watch List?

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 (OB:NEL) Is Using Debt Safely

Price target decreased by 9.0% to kr10.27

New minor risk - Share price stability

Third quarter 2023 earnings released: kr0.14 loss per share (vs kr0.17 loss in 3Q 2022)

New major risk - Revenue and earnings growth

Price target decreased by 7.9% to kr13.78

Nel (OB:NEL) Is Using Debt Safely

New minor risk - Share price stability

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus revenue estimates increase by 19%, EPS downgraded

Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects

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

Is Nel (OB:NEL) Using Too Much Debt?

High number of new directors

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

Consensus EPS estimates upgraded to kr0.48 loss, revenue downgraded

Consensus EPS estimates fall by 16%, revenue upgraded

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 8.2% to kr15.39

Does Nel (OB:NEL) Have A Healthy Balance Sheet?

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

Consensus EPS estimates fall by 15%

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

Is Nel (OB:NEL) Using Too Much Debt?

Consensus EPS estimates fall by 11%

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

Price target decreased to kr15.86

Consensus forecasts updated

Health Check: How Prudently Does Nel (OB:NEL) Use Debt?

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

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

Consensus forecasts updated

Consensus EPS estimates fall by 22%

Chief Executive Officer recently sold kr13m worth of stock

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to kr17.16

Is Nel (OB:NEL) Using Debt In A Risky Way?

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

Is Nel (OB:NEL) Using Debt Sensibly?

Time To Worry? Analysts Are Downgrading Their Nel ASA (OB:NEL) Outlook

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

Consensus revenue estimates fall to kr786.0m

Price target decreased to kr22.64

Investor sentiment deteriorated over the past week