Evolution of the Average Target: Nel ASA

Evolution of the Target Price: Nel ASA

Changes in Analyst Recommendations: Nel ASA

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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 Alphavalue
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) Alphavalue
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 Alphavalue
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 Alphavalue
14/05/25 Nel: Lack of orders a crucial overhang, financial runway available, but FIDs needed Alphavalue
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 Alphavalue
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
13/01/25 NEL ASA : RBC reiterates its Neutral rating ZD

Consensus Analysts' recommendations evolution (4 months) Financial estimates divergence Analysts' Target price divergence Objective/dr gap
+4.14%
+37.13%
+65.6%
+74.49%
+65.94%
+78.76%
+23.44%
- +29.79%
+36.74%
+113.59%
Average +52.96%
Weighted average by Cap. +44.69%


Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
13
Last Close Price
2.085NOK
Average target price
2.182NOK
Spread / Average Target
+4.64%
High Price Target
4.200NOK
Spread / Highest target
+101.44%
Low Price Target
1.200NOK
Spread / Lowest Target
-42.45%

Analyst Consensus Detail

Consensus revision (last 18 months)

Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
-40%: Exceptional extension
d
:
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