Nel ASA (OTCMKTS:NLLSF) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Nel ASA (OTCMKTS:NLLSF – Get Rating) from a neutral rating to a buy rating in a research note published on Thursday morning, The Fly reports.

A number of other equities research analysts have also commented on NLLSF. Morgan Stanley raised shares of Nel ASA from an equal weight rating to an overweight rating in a report on Tuesday, February 7th. Societe Generale began coverage on shares of Nel ASA in a research report on Tuesday, November 22nd. They set a hold rating on the stock. Finally, Panmure Gordon upgraded shares of Nel ASA from a hold rating to a buy rating in a research report on Monday, February 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Nel ASA presently has a consensus rating of Hold and an average target price of $14.00.

Nel ASA Price Performance

Shares of OTCMKTS:NLLSF opened at $1.40 on Thursday. Nel ASA has a 12 month low of $0.90 and a 12 month high of $2.00. The company’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.42.

Nel ASA Company Profile

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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.