NEL ASA -08.09
Updated
NEL ASA operates as a hydrogen company, which provides solutions to produce, store and distribute hydrogen from renewable energy. Its hydrogen solutions cover the value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations. The firm operates through the following segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment engages in manufacturing of hydrogen fueling stations providing fuel cell electric vehicles with the same fast fueling and long range as conventional fossil fuel vehicles. The Nel Hydrogen Electrolyser segment operates as a global supplier of hydrogen production equipment and plants based on both alkaline and PEM water electrolyser technology. The company was founded by Erik Anders Lönneborg and Praveen Sharma in 1927 and is headquartered in Oslo, Norway.
Note
WAITING FOR ERNote
NEL is mostly moving with #ITM Power Inc as we can se today also.Trade closed: target reached
As we can see the ER have been digested eventhough its was not very well. Despite all of this the biggest loss is due to NIKOLA and not the company fundamental function. I strongly belive that NEL ASA will the next year star in Europe Invesment.
jun.2022 price target is 8-8.85 EUR which is around 83NOK.
Please take into account that NEL is really volatile its can swing 12% during a weak due the low volume. If you willing ti buy 50.000 EUR woth of shares its can take half day to exacute.
In the comming weaks I will give you a detailed fundamental and technical picture. Stay tunned.
Note
As you can see my previous technical analysis becoming a reality.
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