Consensus Nel ASA Boerse Muenchen

Stocks

D7G

NO0010081235

Renewable Energy Equipment & Services

Real-time Boerse Muenchen 23:51:18 14/10/2026 +03			5-day change	1st Jan Change
0.2085 ^EUR	+2.71%		-2.10%	-1.48%

08:56am	Nel Unit Bags $12 Million Contract From US Technology Company	MT
10-13	Nel ASA Partners With Rheinmetall AG On Rheinmetall AG's Giga PtX Project For Decentralized Synthetic Fuel Production	CI

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Analysts' recommendations: Nel ASA

09-29	SB1 Markets cuts its price target for Nel to 0.30 Norwegian kroner (0.50), reiterates sell	FW
08-05	JP Morgan cuts Nel price target to 1.80 Norwegian kroner (2.90), reiterates Neutral - BN	FW
07-15	Nel: Ailing Alkaline sees no respite even as PEM shows momentum
04-22	NEL ASA : RBC reaffirms its Neutral rating	ZD
04-20	Nel: EPS upgrade (2025: from NOK -0.29 to -0.27, 2026: from NOK -0.24 to -0.23)
03-18	NEL ASA : Berenberg is Neutral	ZD
30/10/25	Kepler Cheuvreux Raises Price Target for Nel to NOK 1.90 (1.70), Reiterates Reduce	FW
29/10/25	Nel: Still short on orders despite positive Alkaline EBITDA in Q3
30/09/25	NEL ASA : Jefferies reiterates its Neutral rating	ZD
17/07/25	Kepler Cheuvreux Raises Target Price for Nel to NOK 1.70 (1.60), Reiterates Reduce	FW
16/07/25	Nel: Order scarcity continues as revenue runway shortens further
14/05/25	Nel: Lack of orders a crucial overhang, financial runway available, but FIDs needed
02/05/25	Kepler Cheuvreux lowers its target price for Nel to NOK 1.60 (2), reiterates its downgrade	FW
28/04/25	NEL ASA : RBC is Neutral	ZD
23/04/25	Morgan Stanley lowers target price for Nel to NOK 2 (3.50), reiterates Underweight - BN	FW
12/03/25	NEL ASA : Bernstein remains Neutral	ZD
27/02/25	Kepler Cheuvreux lowers target price for Nel to NOK 2 (2.50), reiterates reduce	FW
26/02/25	Nel: Alkaline profitability a bright spot, but 2024 order dearth undermines near-term progress
24/01/25	JP Morgan lowers target price for Nel to NOK 2.90 (4.70), reiterates neutral - BN	FW
23/01/25	HSBC cuts Nel's target price to NOK 2.40 (4.30), reiterates hold - BN	FW
21/01/25	Fearnley lowers target price for Nel to NOK 1.60 (3.30), reiterates sell - BN	FW
17/01/25	Citigroup cuts Nel target price to NOK 2.40 (6), reiterates neutral - BN	FW
15/01/25	DNB lowers target price for Nel to NOK 1.50 (2), reiterates sell - BN	FW
15/01/25	SEB lowers target price for Nel to NOK 1.60 (3.60), reiterates sell - BN	FW
14/01/25	NEL ASA : Bernstein remains Neutral	ZD

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