Valuation: Nel ASA

Market Cap 3.83B 400M 357M 332M 302M 570M 38.51B 574M 4.02B 1.56B 19.65B 1.5B 1.47B 63.18B P/E 2026 *
-6.39x
P/E 2027 * -9.99x
Enterprise Value 2.7B 282M 251M 234M 213M 401M 27.14B 404M 2.83B 1.1B 13.85B 1.06B 1.04B 44.53B EV / Sales 2026 *
3.6x
EV / Sales 2027 * 2.31x
Free-Float
90.88%
Yield 2026 *
-
Yield 2027 * -
1 day-2.64%
1 week-0.49%
Current month-2.87%
1 month-2.17%
3 months-15.06%
6 months-3.10%
Current year-9.05%
1 week 2.03
Extreme 2.03
2.14
1 month 2
Extreme 2
2.23
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
9.07
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. Importance
24/04/26 Buy

Chairman

100,000 0.0054%
30/03/26 Free

Director

4,064 0.0002%
06/11/25 Buy

Executive/Senior Manager

10,000 0.0005%
Change 5-day change 1-year change 3-year change Capi.($)
-2.64%-0.49%-16.12%-73.26% 398M
+0.03%+3.25%+36.26%+1,156.67% 140B
-2.67%-2.21%+53.97%+43.69% 29.5B
-0.39%-2.04%-49.07%+29.02% 25.35B
+0.14%+0.92%-23.96%+20.10% 18.77B
+0.40%+2.21%+35.09%+176.95% 14.84B
-1.68%+4.08%+5.13%+149.18% 12.79B
+2.94%+1.54%-37.72%-58.91% 12.64B
+0.76%-3.80%+15.03%+86.57% 9.69B
+4.07%+3.60%-48.32%-64.29% 7.56B
Average +0.04%-0.39%-2.97%+146.57% 27.15B
Weighted average by Cap. -0.24%+0.52%+17.89%+620.34%

Financials

2026 *2027 *
Net sales 750M 78.26M 69.81M 65.04M 59.19M 111M 7.54B 112M 786M 306M 3.85B 294M 287M 12.36B 1.37B 143M 128M 119M 108M 204M 13.77B 205M 1.44B 559M 7.03B 537M 525M 22.6B
Net income -555M -57.92M -51.67M -48.14M -43.81M -82.5M -5.58B -83.11M -582M -226M -2.85B -217M -213M -9.15B -350M -36.52M -32.58M -30.35M -27.62M -52.01M -3.52B -52.4M -367M -143M -1.79B -137M -134M -5.77B
Net Debt -1.13B -118M -105M -98.11M -89.28M -168M -11.37B -169M -1.19B -461M -5.8B -443M -434M -18.65B -662M -69.02M -61.58M -57.37M -52.21M -98.31M -6.65B -99.04M -693M -270M -3.39B -259M -254M -10.91B
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
05/10/26 NOK 2.030 -2.64% 1,253,183
02/10/26 NOK 2.085 +0.72% 738,803
01/10/26 NOK 2.070 -0.96% 2,831,838
30/09/26 NOK 2.090 +0.48% 1,626,806
29/09/26 NOK 2.080 +1.96% 3,046,182
Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
12
Last Close Price
2.085NOK
Average target price
2.182NOK
Spread / Average Target
+4.64%

Quarterly revenue - Rate of surprise