|Bid||25.30 x 4120000|
|Ask||25.33 x 2611100|
|Day's Range||23.25 - 25.58|
|52 Week Range||7.22 - 35.15|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||27.71|
|Earnings Date||Feb 18, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.50|
Nel ASA (Nel) reported revenues of NOK 229.1 million in the fourth quarter of 2020, up from NOK 175.9 million in the same quarter of 2019 and an EBITDA of negative NOK 96.2 million (Q4 2019: -41.7) incl. one-offs, ramp-up cost and a NOK 20 million provision for a potential fine. The order backlog ended at approximately NOK 980 million, up 90%, and the company holds over NOK 2.3 billion in cash. Nel has outlined a target of producing green hydrogen at USD 1.5 per kilo* by 2025, outcompeting fossil alternatives, and reiterates the strong long-term outlook.
Nel, a Norwegian maker ofzero-emission hydrogen technology, said on Tuesday theauthorities had fined two of its units a total of 25 millioncrowns ($2.97 million) for an incident at a hydrogen fuelstation in 2019. Hydrogen gas leaked from a tank at the station near Oslo inJune 2019 and exploded, injuring three people when a pressurewave triggered airbags in their cars nearby, according to Neland police reports. "Nel conducted a thorough investigation of the incident in2019 and has cooperated closely with the local authorities," NelChief Executive Jon Andre Loekke said in a statement.
Nel ASA (Nel, OSE: NEL) today hosts the Nel Capital Markets Day 2021, outlining the target of producing green hydrogen at USD 1.5 per kilo* by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, growing the organization to add capacities and capabilities, and investing in technology for the near- and long-term are crucial components in ensuring that Nel continues to be the global leader in the hydrogen industry.