We raise our TP in Nel to NOK 25 on the back of an updated modelling approach, where our new base case DCF value amounts to 23 NOK/sh. Our inputs for hydrogen demand are supported by e.g. the EU’s repeated commitment to the “green deal” with corresponding ambitious targets for green hydrogen. Following its recent placement, Nel is very well capitalized and management can focus on organizing the company so as to yield the best results in the long-term.
23 Jun 2020
Hydrogen will just move higher on the agenda
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Hydrogen will just move higher on the agenda
We raise our TP in Nel to NOK 25 on the back of an updated modelling approach, where our new base case DCF value amounts to 23 NOK/sh. Our inputs for hydrogen demand are supported by e.g. the EU’s repeated commitment to the “green deal” with corresponding ambitious targets for green hydrogen. Following its recent placement, Nel is very well capitalized and management can focus on organizing the company so as to yield the best results in the long-term.