Nel ASA (OTCMKTS:NLLSF) Now Covered by Analysts at Societe Generale

Societe Generale started coverage on shares of Nel ASA (OTCMKTS:NLLSFGet Rating) in a research report released on Tuesday, The Fly reports. The firm issued a hold rating on the stock.

NLLSF has been the subject of several other reports. Bryan, Garnier & Co raised Nel ASA from a sell rating to a neutral rating in a research report on Friday, September 30th. Jefferies Financial Group started coverage on Nel ASA in a research report on Tuesday, October 11th. They set a buy rating for the company. Credit Suisse Group downgraded Nel ASA from a neutral rating to an underperform rating and set a $10.00 price objective for the company. in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Nel ASA from 10.10 to 10.00 in a research report on Monday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Nel ASA has an average rating of Hold and a consensus target price of $13.80.

Nel ASA Stock Performance

Shares of NLLSF opened at $1.40 on Tuesday. Nel ASA has a 12-month low of $0.90 and a 12-month high of $2.09. The company’s 50-day moving average price is $1.20 and its 200 day moving average price is $1.33.

Nel ASA Company Profile

(Get Rating)

Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy in Norway, the United States, Denmark, and South Korea. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fueling and long range as conventional fossil fuel vehicles, including cars, buses, trucks, forklifts, and other applications.

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Analyst Recommendations for Nel ASA (OTCMKTS:NLLSF)

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