Valuation: Nel ASA

Market Cap 3.93B 417M 360M 324M 308M 578M 39.73B 589M 3.95B 1.55B 19.75B 1.56B 1.53B 65.45B P/E 2026 *
-6.61x
P/E 2027 * -10x
Enterprise Value 2.97B 314M 271M 244M 232M 436M 29.95B 444M 2.98B 1.17B 14.89B 1.18B 1.15B 49.34B EV / Sales 2026 *
3.83x
EV / Sales 2027 * 2.28x
Free-Float
90.14%
Yield 2026 *
-
Yield 2027 * -
1 day-0.47%
1 week+0.47%
1 month-9.89%
3 months-27.70%
6 months-2.64%
Current year-4.12%
1 week 2.1
Extreme 2.1
2.22
1 month 2.1
Extreme 2.1
2.42
Current year 1.92
Extreme 1.919
3.96
1 year 1.92
Extreme 1.919
3.96
3 years 1.92
Extreme 1.919
13
5 years 1.92
Extreme 1.919
20.44
10 years 1.67
Extreme 1.67
35.15
Manager TitleAgeSince
Chief Executive Officer 50 30/06/2022
Director of Finance/CFO 50 29/02/2020
Chief Tech/Sci/R&D Officer - 31/05/2023
Director TitleAgeSince
Director/Board Member 54 14/05/2017
Director/Board Member 58 30/04/2019
Director/Board Member 60 12/05/2020
Date Insider Type Main position Quantity % Market Cap.
06/11/25 Buy

Executive/Senior Manager

10,000 0.0005%
30/10/23 Buy

Chief Financial Officer

20,000 0.0012%
26/08/22 Sell

Chief Technology Officer

65,000 0.0042%
Change 5-day change 1-year change 3-year change Capi.($)
-0.47%+0.47%-13.57%-84.19% 415M
+0.88%-2.58%+50.57%+853.38% 145B
-0.33%-8.86%+37.28%+36.40% 31.41B
+2.77%-0.55%+19.16%+108.53% 12.45B
-1.02%+6.68%-13.12%-63.49% 4.6B
-0.09%+1.73%-0.98%-37.74% 3.57B
+1.17%-2.63%+41.15%-44.99% 2.21B
+4.03%-4.02%-26.06%-3.16% 1.91B
+3.41%+3.65%+79.05%-51.72% 1.85B
+2.76%-1.88%-13.86%-72.28% 803M
Average +1.31%-2.38%+15.96%+64.07% 20.43B
Weighted average by Cap. +0.81%-3.61%+43.34%+614.69%

Financials

2026 *2027 *
Net sales 774M 81.93M 70.77M 63.7M 60.62M 114M 7.82B 116M 776M 305M 3.88B 308M 301M 12.87B 1.42B 150M 130M 117M 111M 209M 14.34B 213M 1.42B 559M 7.13B 564M 552M 23.62B
Net income -592M -62.73M -54.19M -48.77M -46.42M -87.08M -5.98B -88.74M -595M -233M -2.97B -236M -230M -9.86B -381M -40.36M -34.87M -31.38M -29.87M -56.03M -3.85B -57.1M -383M -150M -1.91B -152M -148M -6.34B
Net Debt -968M -103M -88.56M -79.71M -75.86M -142M -9.78B -145M -972M -381M -4.86B -385M -377M -16.11B -693M -73.36M -63.37M -57.03M -54.28M -102M -7B -104M -695M -273M -3.48B -275M -269M -11.53B
Logo Nel ASA
Nel ASA is a Norway-based hydrogen company that delivers solutions to produce, store and distribute hydrogen from renewable energy. The Company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. The Company's business activities are divided into two operation segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment is a manufacturer of hydrogen fueling stations for Fuel Cell Electric Vehicles. Nel’s H2Station manufacturing plant is located in Herning, Denmark. The Nel Hydrogen Electrolyser segment is a global supplier of hydrogen production equipment based on both alkaline and proton exchange membrane (PEM) water electrolysis technology. Nel Hydrogen Electrolyser has production facilities in Heroya, Norway, and in Wallingford, USA.
Employees
313
Date Price Change Volume
31/07/26 NOK 2.140 -0.47% 2,195,248
30/07/26 NOK 2.150 +0.47% 1,497,154
29/07/26 NOK 2.140 +1.18% 1,981,747
28/07/26 NOK 2.115 -0.70% 2,427,746
27/07/26 NOK 2.130 -.--% 1,895,290
Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
13
Last Close Price
2.140NOK
Average target price
2.109NOK
Spread / Average Target
-1.44%

Quarterly revenue - Rate of surprise