Nel ASA / Analyst ratings
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Analyst ratings
No analyst ratings available
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Bernstein maintains Nel at 'Market-Perform' - Target 7 crowns
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained a "Market-Perform" rating on Nel ASA with a price target of 7 Norwegian kroner. In response to the challenging business environment, electrolysis providers are increasingly focusing on cash management, analyst Yoann Charenton wrote in a report published Tuesday. He noted that the Norwegian hydrogen specialist has announced plans to intensify its savings efforts. Nel is therefore adjusting production capacity utilization and workforce levels to market demand, thus following management's forecast of halving capital expenditures by 2025 compared to the previous year./ck/bek
Publication of the original study: January 13, 2025 / 4:16 PM / UTC
First distribution of the original study: January 13, 2025 / 4:16 PM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Nel at 'Sector Perform' - Target 4 crowns
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Nel ASA at "Sector Perform" with a price target of 4 Norwegian kroner. The financing of a project in the US state of Michigan is good news, wrote analyst Erwan Kerouredan in a report released Monday. Of key importance for the Norwegians, who specialize in hydrogen energy, is the future of the US federal law to promote domestic production of battery technology for electromobility and the development of hydrogen infrastructures (IRA) under the new Trump administration./bek/gl
Publication of the original study: January 13, 2025 / 2:57 a.m. / EST. First distribution of the original study: January 13, 2025 / 2:57 a.m. / EST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Nel at 'Sector Perform' - Target 4 crowns
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Nel at "Sector Perform" with a price target of 4 Norwegian kroner. Following the presentation of a US framework for tax incentives for the production of clean hydrogen, analyst Erwan Kerouredan emphasized in a report released Monday that this is a positive development for the industry. Ultimately, however, this depends on implementation under the future US President Donald Trump.
Publication of the original study: January 6, 2025 / 3:15 a.m. / EST. First distribution of the original study: January 6, 2025 / 3:15 a.m. / EST.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman lowers Nel to 'Neutral' - target halved to 3 crowns
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has downgraded Nel ASA from "Buy" to "Neutral" and halved its price target to 3 Norwegian kroner. Development in the green hydrogen sector remains below expectations given the continued sluggish awarding of new contracts and the cancellation of reserved production capacities, wrote analyst Michele della Vigna in an industry commentary on the current quarter published on Monday. This is due to regulatory uncertainty in the key US and EU markets, uncertainties regarding infrastructure and networks, and high interest rates. Global demand is lower than he previously expected, which is why he is lowering his forecasts for existing production capacities. The expert prefers competitor Industrie De Nora, which continues to be rated "Buy," due to its lower-risk business model. He rates Thyssenkrupp Nucera as "Neutral."/gl/bek
Publication of the original study: December 20, 2024 / 7:21 a.m. / CET
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Nel at 'Outperform' - Target 12 crowns
NEW YORK (dpa-AFX Analyser) - Canadian bank RBC has maintained its rating for Nel ASA at "outperform" ahead of third-quarter results, with a price target of 12 Norwegian kroner. The focus will be on the US sales market, license income, and operating and capital expenditures, wrote analyst Erwan Kerouredan in an outlook on the hydrogen specialist's figures released on Tuesday./bek/tav
Publication of the original study: October 15, 2024 / 5:27 a.m. / EDT
First distribution of the original study: October 15, 2024 / 5:27 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Nel at 'Outperform' - Target 12 crowns
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Nel ASA at "outperform" with a price target of 12 Norwegian kroner. Hy Stor Energy's decision to cancel the gigawatt of alkaline electrolyzers it reserved in April calls into question the hydrogen specialist's growth prospects in the US, analyst Erwan Kerouredan wrote in his commentary on Tuesday. However, the expert does not see the reasons for this as being related to Nel, but rather to delays in projects related to the IRA investment package in the USA./ag/la
Publication of the original study: October 1, 2024 / 2:32 a.m. / EDT First distribution of the original study: October 1, 2024 / 2:32 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.