Nel ASA (OTCMKTS:NLLSF) Receives Consensus Recommendation of “Hold” from Analysts

Nel ASA (OTCMKTS:NLLSF) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company.

NLLSF has been the subject of several analyst reports. Pareto Securities upgraded Nel ASA from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Barclays downgraded Nel ASA from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 12th. Finally, Sanford C. Bernstein downgraded Nel ASA from an “outperform” rating to an “underperform” rating in a research report on Friday, September 22nd.

Nel ASA Trading Up 14.9 %

Shares of OTCMKTS NLLSF opened at $0.77 on Wednesday. The stock has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $1.08. Nel ASA has a 12-month low of $0.58 and a 12-month high of $1.87.

About Nel ASA

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. 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, include cars, buses, trucks, and other applications.