Nel A (NEL.OL) Stock Price

Nel A Price

Oslo Børs·CLOSED
1.99
​
Market closed

Over the last 19 years Nel A grew revenue by 66.5% annually, reaching 963.11 M NOK. For Nel A, the net margin of -131.4% is up versus -221.3% a few years ago. The consensus 12-month price target for Nel A is 2.24 NOK, about 12.8% above where the stock trades today. Of 23 analysts, 1 rate the stock a buy — an overall Sell consensus.

Nel A stock price

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Nel A business model & stock analysis

Nel ASA is a Norwegian company that specializes in renewable hydrogen and electrolysis solutions. It was originally founded in 1927 as Norsk Hydro and focused on electrolysis of water to produce hydrogen. The company has since expanded into various business areas related to hydrogen and electrofuels. In 2019, it was renamed Nel ASA and is headquartered in Oslo, Norway. Nel ASA's business model revolves around the production and sale of hydrogen and related products. It has developed a wide portfolio of electrolysis solutions to drive the global transition to renewable energy. The company focuses on renewable energy obtained through electrolysis of water to produce hydrogen, which can be used for applications such as fuel cell vehicles, power generators, industrial goods, and energy storage. Nel ASA operates in three main areas: electrolysis, proton exchange membrane/water hydrogen fuel cells, and electrolyzer systems. It manufactures a range of electrolysis plants, from small-scale units for residential use to large industrial facilities. The proton exchange membrane (PEM) segment encompasses fuel cells and systems that utilize hydrogen for power generation, offering an alternative to conventional fossil fuel combustion. Electrolyzer systems involve the development of integrated systems that combine electrolysis and PEM technology. Nel ASA has also developed various products, including electrolysis equipment, hydrogen refueling stations, electrochemical storage, and hydrogen storage systems, to meet market demand. The company's focus lies particularly in electrolyzers for hydrogen production, which generate renewable hydrogen for various applications. The future of energy generation appears to be a transition to renewable energy and hydrogen-based fuel cells. Companies like Nel ASA are developing solutions to revolutionize industries such as shipping, transportation, manufacturing, and energy supply. Overall, Nel ASA is a leading developer of renewable energy solutions in the electrolysis, hydrogen fuel cell, and storage system sectors. Through its diverse offerings and solutions for businesses across different industries, Nel ASA provides a wide range of products for the transition of the energy sector to renewable sources. The company's expertise in this field, backed by continuous investments and strong presence in key markets, positions Nel ASA well for the future of energy generation.

Frequently asked questions about Nel A

Nel ASA is a leading global company specializing in hydrogen production and delivery solutions. As for the business model, Nel ASA focuses on offering integrated solutions for producing hydrogen through water electrolysis and delivering it to various industries. This innovative and sustainable approach enables Nel ASA to support the transition towards a carbon-neutral future. By utilizing their extensive expertise and advanced technologies, Nel ASA is able to provide efficient and cost-effective hydrogen solutions to sectors such as energy, transportation, and industry. With their commitment to renewable energy and cutting-edge equipment, Nel ASA continues to play a significant role in advancing the hydrogen economy.

Nel ASA is primarily active in the industries of hydrogen production and fuel cell technology.

Some of the main competitors of Nel ASA in the market are Ballard Power Systems, Plug Power, ITM Power, and Hydrogenics Corporation.

Nel ASA is a leading global provider of hydrogen solutions, operating in the renewable energy sector. Established in 1927 as Norsk Hydrogen, the company has a rich history in the field. Over the years, Nel ASA has evolved into a pioneering force, driving the adoption of hydrogen as a clean energy source. With its cutting-edge technologies and extensive expertise, Nel ASA is dedicated to enabling the transition towards sustainable energy systems, offering a wide range of solutions including hydrogen production, storage, and fueling solutions. The company's commitment to innovation and sustainability has cemented its position as a trusted partner in the global renewable energy industry.

Nel ASA has achieved several significant milestones in its journey. One of the notable achievements includes the successful delivery of over 50 hydrogen fueling stations worldwide, facilitating the growth of hydrogen mobility. Additionally, the company has established key partnerships and collaborations with major industry players like Shell, Hyundai, and Nikola Motors, further solidifying its position in the hydrogen market. Nel ASA also reached a record-breaking electrolyzer deployment milestone, supplying over 175 MW of electrolysis capacity. These accomplishments highlight Nel ASA's commitment to advancing the production, storage, and distribution of hydrogen, making it a leading player in the renewable energy sector.

Nel ASA is primarily present in Norway, Denmark, Sweden, and the United States.

Nel ASA, a leading global provider of hydrogen solutions, encompasses strong values and a dedicated corporate philosophy. The company holds sustainability, innovation, and customer focus at its core. Nel ASA strives to drive the green energy transition by offering efficient and reliable hydrogen production, storage, and distribution solutions. By promoting a sustainable future, Nel ASA aims to enable decarbonization of industries and facilitate the integration of renewable energy sources. Through its commitment to technological advancements and customer-centric approach, Nel ASA ensures optimum performance and long-term value for its stakeholders.

Analysts currently set an average price target of 2.20 NOK for the Nel A stock (median: 2.24 NOK), implying +10.6 % versus the latest price. The consensus is based on 23 analyst ratings.

23 analysts currently rate the Nel A stock: 1 recommend buying, 11 holding and 11 selling. For 2026, analysts expect Nel A to generate revenue of 783.40 M NOK and earnings per share of -0.28 NOK.

Converted at the current exchange rate, the Nel A share trades at 0.19 EUR (1.99 NOK).

The Nel A share (NEL.OL) is listed on 16 stock exchanges, including: NYSE (NLLSF), London (0E4Q.L), SIX (Zürich) (D7G.SW), Osaka (JPX) (NEL.OL), XETRA (D7G.DE), Frankfurt (D7G.F), München (D7G.MU), Stuttgart (D7G.SG).

Nel ASA is a Norwegian company that focuses on the production and sale of hydrogen electrolyzers and related solutions. The company operates in three business areas: "NEL Hydrogen," "NEL Fueling," and "NEL Hydrogen Solutions." The company's goal is to create a sustainable future by promoting hydrogen as a key alternative to fossil fuels and providing clean energy and solutions to reduce emissions.

The expected revenue of Nel A is 783.40 M NOK. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Nel A is -522.31 M NOK. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Nel A is currently -7.00. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Nel A stock.

The price-to-sales ratio (P/S) of Nel A is currently 4.67. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Nel A stock.

The Eulerpool Quality Score for Nel A is 3/10.

The ISIN of Nel A is NO0010081235. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Nel A is A0B733. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Nel A is NEL.OL. The ticker symbol is used to trade Nel A shares on the stock exchange.

Fair ValueTerminal
1.77 NOK
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Electrical Equipment
Number of shares
Employees
Revenue per Employee
2.72 M NOK
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Norway
Currency
NOK
Initial public offering
Aug 27, 2004
ISIN
NO0010081235
Cusip
R4S21L127
Sedol
B02NR83
Market capitalization
3.33 B NOKMid Cap
52-Week Range
PEG
—
P/E ratio
P/Ee 2026
-7.00
P/Ee 2027
-9.88
P/Ee 2028
-16.29
P/Ee 2029
39.80
P/S
P/Se
4.67
EV/EBIT
—
P/B Ratio
0.85
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
-30.68 %
Last updated Oct 25, 2026, 12:20 AM

Nel A Peer Group

Nel A Ticker

BERLIN · D7G.BEDÜSSELDORF · D7G.DUEURONEXT · NEL.OLFRANKFURT · D7G.FHAMBURG · D7G.HMLONDON · 0E4Q.LMUNICH · D7G.MUNASDAQ · NLLSFNEW YORK · NLLSFOSE · NEL.OLOSLO · NEL.OLOTC · NLLSF

Nel A FIGI

NEL:NO · BBG000C33229D7G:GR · BBG000R3X523D7G:GF · BBG000R3X5W0D7G:GD · BBG000R3X621D7G:GS · BBG000R3X6L0D7G:GM · BBG000R3X6Q5D7G:GB · BBG000R3X6Z5D7G:GI · BBG000R3X818D7G:GH · BBG000R3X863DIAG:EO · BBG000RSVBM5DIAG:XH · BBG000RSVCF1DIAG:XC · BBG000RSVCX1

All fundamentals and in-depth analysis of Nel A

Our stock analysis for Nel A stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Nel A. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.