Societe Generale Begins Coverage on Nel ASA (OTCMKTS:NLLSF)

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

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

Nel ASA Stock Up 4.6 %

Shares of NLLSF opened at $1.47 on Tuesday. The firm’s 50 day moving average price is $1.20 and its 200 day moving average price is $1.33. Nel ASA has a twelve month low of $0.90 and a twelve month high of $2.09.

About Nel ASA

(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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