Nel ASA

OB:NEL Stock Report

Market Cap: NOK 4.5b

Nel Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Hakon Volldal

Chief executive officer

NOK 6.5m

Total compensation

CEO salary percentage73.10%
CEO tenure2.8yrs
CEO ownershipn/a
Management average tenure1.9yrs
Board average tenure5yrs

Recent management updates

Recent updates

Bearish: Analysts Just Cut Their Nel ASA (OB:NEL) Revenue and EPS estimates

May 02
Bearish: Analysts Just Cut Their Nel ASA (OB:NEL) Revenue and EPS estimates

Nel ASA's (OB:NEL) Stock Retreats 29% But Revenues Haven't Escaped The Attention Of Investors

Apr 17
Nel ASA's (OB:NEL) Stock Retreats 29% But Revenues Haven't Escaped The Attention Of Investors

With A 31% Price Drop For Nel ASA (OB:NEL) You'll Still Get What You Pay For

Jan 14
With A 31% Price Drop For Nel ASA (OB:NEL) You'll Still Get What You Pay For

Nel ASA's (OB:NEL) 33% Cheaper Price Remains In Tune With Revenues

Nov 27
Nel ASA's (OB:NEL) 33% Cheaper Price Remains In Tune With Revenues

What You Can Learn From Nel ASA's (OB:NEL) P/S After Its 28% Share Price Crash

Oct 13
What You Can Learn From Nel ASA's (OB:NEL) P/S After Its 28% Share Price Crash

Market Participants Recognise Nel ASA's (OB:NEL) Revenues Pushing Shares 53% Higher

May 25
Market Participants Recognise Nel ASA's (OB:NEL) Revenues Pushing Shares 53% Higher

Nel (OB:NEL) Is Using Debt Safely

May 24
Nel (OB:NEL) Is Using Debt Safely

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

Apr 10
Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%

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

Mar 27
Calculating The Fair Value Of Nel ASA (OB:NEL)

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

Mar 01
Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

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

Jan 17
Why We're Not Concerned Yet About Nel ASA's (OB:NEL) 27% Share Price Plunge

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

Jan 13
At kr5.94, Is It Time To Put Nel ASA (OB:NEL) On Your Watch List?

Nel (OB:NEL) Is Using Debt Safely

Dec 12
Nel (OB:NEL) Is Using Debt Safely

Nel (OB:NEL) Is Using Debt Safely

Sep 13
Nel (OB:NEL) Is Using Debt Safely

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

Jun 17
Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects

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

May 11
Is Nel (OB:NEL) Using Too Much Debt?

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

Feb 06
Does Nel (OB:NEL) Have A Healthy Balance Sheet?

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

Sep 02
Is Nel (OB:NEL) Using Too Much Debt?

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

May 17
Health Check: How Prudently Does Nel (OB:NEL) Use Debt?

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

Jan 27
Is Nel (OB:NEL) Using Debt In A Risky Way?

Is Nel (OB:NEL) Using Debt Sensibly?

Oct 14
Is Nel (OB:NEL) Using Debt Sensibly?

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

Aug 22
Time To Worry? Analysts Are Downgrading Their Nel ASA (OB:NEL) Outlook

CEO Compensation Analysis

How has Hakon Volldal's remuneration changed compared to Nel's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

-NOK 476m

Dec 31 2024NOK 7mNOK 5m

-NOK 258m

Sep 30 2024n/an/a

-NOK 244m

Jun 30 2024n/an/a

-NOK 296m

Mar 31 2024n/an/a

-NOK 406m

Dec 31 2023NOK 5mNOK 4m

-NOK 566m

Sep 30 2023n/an/a

-NOK 1b

Jun 30 2023n/an/a

-NOK 1b

Mar 31 2023n/an/a

-NOK 1b

Dec 31 2022NOK 5mNOK 2m

-NOK 1b

Compensation vs Market: Hakon's total compensation ($USD634.76K) is about average for companies of similar size in the Norwegian market ($USD595.16K).

Compensation vs Earnings: Hakon's compensation has increased whilst the company is unprofitable.

CEO

Hakon Volldal (48 yo)

2.8yrs
Tenure
NOK 6,514,000
Compensation

Mr. Hakon Rypern Volldal serves as Chief Executive Officer of Nel ASA since July 1, 2022. He joined the Nel ASA in July 2022. He served as President of Q-Free ASA since August 1, 2016 and had been its Chie...

Leadership Team

NamePositionTenureCompensationOwnership
Hakon Volldal
Chief Executive Officer2.8yrsNOK 6.51mno data
Kjell Bjornsen
Chief Financial Officer5.2yrsNOK 4.29m0.0011%
NOK 49.5k
Marius Løken
Chief Technical Officer1.9yrsNOK 3.57mno data
Stein Erdal
Chief Legal Officer6yrsNOK 3.39mno data
Anne Liberg
Chief Human Resources Officer1.1yrsNOK 2.07mno data
Hans Hide
Chief Project Officer of Electrolyser6.2yrsNOK 2.98m0.0016%
NOK 74.1k
Todd Cartwright
Chief Commercial Officer1.3yrsNOK 4.14mno data
Tushar Ghuwalewala
Senior VP of PEM Operationsless than a yearNOK 3.05mno data
Kai Heggland
Senior VP of Alkaline Operationsless than a yearNOK 2.32m0.00048%
NOK 21.8k
Wilhelm Flinder
Head of Investor Relationsno datano datano data
Lars Nermoen
Head of Communicationsno datano datano data
Tomas Tronstad
Managing Director of Hyonno datano datano data
1.9yrs
Average Tenure
48yo
Average Age

Experienced Management: NEL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Arvid Moss
Independent Chairman of Board2.1yrsNOK 391.00kno data
Charlotta Falvin
Independent Director5yrsNOK 481.00k0.0025%
NOK 113.6k
Tom Rotjer
Independent Director5yrsNOK 391.00kno data
Beatriz de Molina
Independent Director8.3yrsNOK 516.00kno data
Jens Staff
Independent Director2.1yrsNOK 391.00kno data
Hanne Blume
Independent Director6yrsNOK 496.00kno data
5.0yrs
Average Tenure
57.5yo
Average Age

Experienced Board: NEL's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 23:31
End of Day Share Price 2025/05/20 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nel ASA is covered by 31 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James HosieBarclays
Temitope SulaimanBarclays
Naisheng CuiBarclays