Valuation: Nel ASA

Market Cap 4.12B 435M 377M 353M 322M 605M 41.45B 614M 4.15B 1.62B 20.76B 1.63B 1.6B 69.21B P/E 2026 *
-6.92x
P/E 2027 * -11x
Enterprise Value 3.01B 318M 276M 258M 236M 443M 30.34B 450M 3.04B 1.19B 15.19B 1.19B 1.17B 50.66B EV / Sales 2026 *
3.96x
EV / Sales 2027 * 2.36x
Free-Float
90.14%
Yield 2026 *
-
Yield 2027 * -
1 day+0.45%
1 week+2.74%
Current month+5.14%
1 month+1.35%
3 months-25.62%
6 months+8.17%
Current year+0.81%
1 week 2.15
Extreme 2.15
2.3
1 month 2.1
Extreme 2.1
2.3
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
12.3
5 years 1.92
Extreme 1.919
20.44
10 years 1.67
Extreme 1.67
35.15
Manager TitleAgeSince
Chief Executive Officer 50 01/07/2022
Director of Finance/CFO 50 01/03/2020
Chief Tech/Sci/R&D Officer - 01/06/2023
Director TitleAgeSince
Director/Board Member 54 15/05/2017
Director/Board Member 58 01/05/2019
Director/Board Member 60 13/05/2020
Date Insider Type Main position Quantity % Market Cap.
6/11/25 Buy

Executive/Senior Manager

10,000 0.0005%
30/10/23 Buy

Chief Financial Officer

20,000 0.0012%
26/8/22 Sell

Chief Technology Officer

65,000 0.0042%
Change 5-day change 1-year change 3-year change Capi.($)
+0.45%+2.74%-6.95%-81.40% 435M
+1.05%+6.19%+65.72%+1,091.68% 160B
-2.12%+8.57%+33.41%+47.43% 35.78B
-1.03%+0.70%+25.53%+142.51% 13.65B
+1.87%-4.62%-12.40%-62.54% 4.63B
+3.03%+1.88%+5.40%-31.21% 3.81B
+1.14%+3.34%+53.21%-42.79% 2.46B
+2.44%+6.42%-6.91%+21.70% 2.34B
+0.69%-7.24%+79.10%-47.14% 1.89B
-2.99%-7.98%-7.65%-78.00% 799M
Average +0.42%+1.79%+22.85%+96.02% 22.54B
Weighted average by Cap. +0.47%+6.66%+54.35%+786.35%

Financials

2026 *2027 *
Net sales 760M 80.25M 69.52M 65.14M 59.42M 112M 7.65B 113M 766M 299M 3.83B 301M 295M 12.78B 1.39B 147M 127M 119M 109M 204M 13.99B 207M 1.4B 547M 7B 551M 539M 23.35B
Net income -556M -58.65M -50.81M -47.61M -43.42M -81.64M -5.59B -82.89M -560M -219M -2.8B -220M -215M -9.34B -359M -37.87M -32.81M -30.74M -28.04M -52.72M -3.61B -53.53M -362M -141M -1.81B -142M -139M -6.03B
Net Debt -1.1B -116M -101M -94.56M -86.25M -162M -11.11B -165M -1.11B -435M -5.56B -437M -428M -18.55B -837M -88.36M -76.55M -71.72M -65.42M -123M -8.43B -125M -844M -330M -4.22B -332M -325M -14.07B
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
13/08/26 NOK 2.250 +0.45% 1,439,276
12/08/26 NOK 2.240 -0.22% 2,774,201
11/08/26 NOK 2.245 +1.81% 1,419,182
10/08/26 NOK 2.205 +2.08% 1,263,290
07/08/26 NOK 2.160 -1.37% 2,554,368
Trader
Investor
-
Global
-
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
2.240NOK
Average target price
2.083NOK
Spread / Average Target
-6.99%

Quarterly revenue - Rate of surprise