Nel ASA (OTCMKTS:NLLSF) Stock Rating Upgraded by The Goldman Sachs Group

Nel ASA (OTCMKTS:NLLSF – Get Rating) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Thursday, The Fly reports.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised Nel ASA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 7th. Panmure Gordon raised Nel ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 13th. Finally, Societe Generale started coverage on Nel ASA in a research note on Tuesday, November 22nd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Nel ASA has an average rating of “Hold” and an average price target of $14.00.

Nel ASA Price Performance

Nel ASA stock opened at $1.40 on Thursday. The business’s fifty day moving average is $1.61 and its two-hundred day moving average is $1.42. Nel ASA has a 52 week low of $0.90 and a 52 week high of $2.00.

About Nel ASA

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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.