NEL Overview

  • Founded
  • 1927
  • Status
  • Public
  • Employees
  • 437
  • Stock Symbol
  • NEL
Stock Symbol
  • Investments
  • 14
  • Share Price
  • $2.15
  • (As of Wednesday Closing)

NEL General Information


NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Fueling segment.

Contact Information

Ownership Status
Publicly Held
Financing Status
Primary Industry
Alternative Energy Equipment
Stock Exchange
Primary Office
  • PB: 199 Skøyen
  • 0212 Oslo
  • Norway
+47 23 00 00 00

NEL Timeline

Financing RoundCaptured Employee CountEstimated Employee Growth
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NEL Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$2.15 $2.12 $1.58 - $4.17 $3.13B 1.46B 15.7M $0.05

NEL Financials Summary

In Thousands,
TTM 31-Mar-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018
EV 3,830,694 4,517,403 1,130,233 543,572
Revenue 65,930 61,118 58,961 55,650
EBITDA 84,015 140,221 (23,461) (16,998)
Net Income 74,649 133,354 (30,637) (23,187)
Total Assets 792,581 718,853 275,602 223,176
Total Debt 14,919 15,310 15,396 5,378
Public Fundamental Data provided by Morningstar, Inc. disclaimer

NEL Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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NEL Comparisons

HQ Location
Total Raised
Post Valuation
Last Financing Details
NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable ener
Alternative Energy Equipment
Oslo, Norway
437 As of 2021
0.000 0000-00-00


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00000000000 000000 000000000
Santa Barbara, CA
0 As of 0000
000000000 000.00

00000 00

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00000000000 000000 000000000
San Jose, CA
0000 As of 0000
0.000 0000-00-00
00000000 00.000
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NEL Competitors (3)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
SunHydrogen Corporation Santa Barbara, CA 0 000.00 000000000 000.00
00000 000000 Formerly VC-backed San Jose, CA 0000 00.000 00000000 00.000
0000000 00000 0000 Formerly VC-backed Burnaby, Canada 000 00000 00000000 00000
You’re viewing 3 of 3 competitors. Get the full list »

NEL Executive Team (11)

Name Title Board Seat Contact Info
Jon Løkke Chief Executive Officer
Kjell Christian Bjørnsen Chief Financial Officer
Anders Søreng Ph.D Chief Technology Officer
David Bow SVP Corporate Business Development
Raluca Leordeanu Vice President, Business Development
You’re viewing 5 of 11 executive team members. Get the full list »

NEL Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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NEL Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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NEL Investments & Acquisitions (14)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 000000 21-Oct-2020 00 000000000000000 0000 Other Energy
000000 0000 01-Feb-2020 0000 00000 00.00 Alternative Energy Equipment
00000000 000000 01-Jun-2019 00000 0000000 Other Energy
000000 000000 30-Jun-2017 000000000000000000 0000 Alternative Energy Equipment
Hyon 20-Apr-2017 Joint Venture Electric Utilities
You’re viewing 5 of 14 investments and acquisitions. Get the full list »

NEL Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
00 000000 20-Mar-2007 0000000000 Completed
  • 2 buyers
Nikola Motor Company Later Stage VC 00000 Completed
To view NEL’s complete exits history, request access »