More stocks to consider
Alternative stocks to Nel ASA (OB:NEL)
These are the alternatives to Nel ASA that fall within the same industry, Heavy Electrical Equipment, or region, Norway.
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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
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See Nel ASA Performance
Nel ASA stock research in summary
nelhydrogen.com
Nel ASA shares have a market-typical stock price level. While they are safely financed, they are poor value, and show below average growth. We recommend evaluating whether the future of the company Nel ASA is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.
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| Country |
Norway |
| Industry |
Heavy Electrical Equipment |
| Index |
|
| Size class |
X-Small |
Large companies - similar industry as Nel ASA
| Similar Stocks |
 VALUEVVV
|
 GROWTHVV
|
 SAFETYVV
|
 COMBINED
|
|
1. Leonardo (XL, IT) Aerospace & Defense
|
|
1. Leonardo (XL, IT) Aerospace & Defense
|
39
|
|
99
|
|
70
|
|
94
|
|
|
2. Daimler Truck (XXL, DE) Heavy Machinery
|
|
2. Daimler Truck (XXL, DE) Heavy Machinery
|
51
|
|
73
|
|
81
|
|
87
|
|
|
3. Legrand (XL, FR) Electr. Components & Equipment
|
|
3. Legrand (XL, FR) Electr. Components & Equipment
|
47
|
|
71
|
|
37
|
|
68
|
|
|
4. Strabag (XL, AT) Construction & Engineering
|
|
4. Strabag (XL, AT) Construction & Engineering
|
55
|
|
25
|
|
93
|
|
67
|
|
|
5. ABB (XXL, CH) Electr. Components & Equipment
|
|
5. ABB (XXL, CH) Electr. Components & Equipment
|
22
|
|
53
|
|
77
|
|
66
|
|
|
6. Rolls-Royce (XL, GB) Aerospace & Defense
|
|
6. Rolls-Royce (XL, GB) Aerospace & Defense
|
33
|
|
100
|
|
28
|
|
64
|
|
|
7. Schneider Electric (XXL, FR) Electr. Components & Equipment
|
|
7. Schneider Electric (XXL, FR) Electr. Components & Equipment
|
45
|
|
53
|
|
50
|
|
62
|
|
|
8. Safran (XL, FR) Aerospace & Defense
|
|
8. Safran (XL, FR) Aerospace & Defense
|
5
|
|
83
|
|
76
|
|
62
|
|
|
9. Sandvik (XL, SE) Industrial Machinery
|
|
9. Sandvik (XL, SE) Industrial Machinery
|
33
|
|
71
|
|
43
|
|
51
|
|
|
10. ACS (XL, ES) Construction & Engineering
|
|
10. ACS (XL, ES) Construction & Engineering
|
41
|
|
69
|
|
25
|
|
49
|
|
August 21, 2025
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Nel ASA
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Polski Koncern Naftowy ORLEN Spolka Akcyjna (XL, PL) Oil & Gas Refining
|
|
1. Polski Koncern Naftowy ORLEN Spolka Akcyjna (XL, PL) Oil & Gas Refining
|
88
|
|
71
|
|
86
|
|
98
|
|
|
2. Infineon (XL, DE) Semiconductors
|
|
2. Infineon (XL, DE) Semiconductors
|
46
|
|
89
|
|
77
|
|
98
|
|
|
3. thyssenkrupp (XL, DE) Steel
|
|
3. thyssenkrupp (XL, DE) Steel
|
89
|
|
92
|
|
94
|
|
100
|
|
|
4. Leonardo (XL, IT) Aerospace & Defense
|
|
4. Leonardo (XL, IT) Aerospace & Defense
|
39
|
|
99
|
|
70
|
|
94
|
|
|
5. Continental (XL, DE) Auto Parts & Equipment
|
|
5. Continental (XL, DE) Auto Parts & Equipment
|
53
|
|
57
|
|
94
|
|
88
|
|
|
6. Henkel (XL, DE) Household Products
|
|
6. Henkel (XL, DE) Household Products
|
69
|
|
45
|
|
72
|
|
88
|
|
|
7. Rolls-Royce (XL, GB) Aerospace & Defense
|
|
7. Rolls-Royce (XL, GB) Aerospace & Defense
|
33
|
|
100
|
|
28
|
|
64
|
|
|
8. Michelin (XL, FR) Tires & Rubber
|
|
8. Michelin (XL, FR) Tires & Rubber
|
49
|
|
41
|
|
98
|
|
82
|
|
|
9. Safran (XL, FR) Aerospace & Defense
|
|
9. Safran (XL, FR) Aerospace & Defense
|
5
|
|
83
|
|
76
|
|
62
|
|
|
10. Fresenius (XL, DE) Health Care Services
|
|
10. Fresenius (XL, DE) Health Care Services
|
81
|
|
61
|
|
56
|
|
86
|
|
August 21, 2025
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Mid sized companies - similar industry as Nel ASA
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. KSB (M, DE) Industrial Machinery
|
|
1. KSB (M, DE) Industrial Machinery
|
89
|
|
87
|
|
92
|
|
100
|
|
|
2. SKF (L, SE) Industrial Machinery
|
|
2. SKF (L, SE) Industrial Machinery
|
81
|
|
63
|
|
88
|
|
100
|
|
|
3. Koninklijke BAM Groep (M, NL) Construction & Engineering
|
|
3. Koninklijke BAM Groep (M, NL) Construction & Engineering
|
81
|
|
89
|
|
73
|
|
99
|
|
|
4. Indus (M, DE) Industrial Conglomerates
|
|
4. Indus (M, DE) Industrial Conglomerates
|
99
|
|
87
|
|
46
|
|
98
|
|
|
5. Dassault Aviation (L, FR) Aerospace & Defense
|
|
5. Dassault Aviation (L, FR) Aerospace & Defense
|
31
|
|
87
|
|
96
|
|
94
|
|
|
6. Kongsberg Gruppen (L, NO) Aerospace & Defense
|
|
6. Kongsberg Gruppen (L, NO) Aerospace & Defense
|
46
|
|
81
|
|
75
|
|
94
|
|
|
7. Wacker Neuson (M, DE) Heavy Machinery
|
|
7. Wacker Neuson (M, DE) Heavy Machinery
|
71
|
|
100
|
|
56
|
|
94
|
|
|
8. Krones (L, DE) Industrial Machinery
|
|
8. Krones (L, DE) Industrial Machinery
|
63
|
|
75
|
|
86
|
|
92
|
|
|
9. Heidelberger Druckmaschinen (M, DE) Industrial Machinery
|
|
9. Heidelberger Druckmaschinen (M, DE) Industrial Machinery
|
69
|
|
75
|
|
70
|
|
90
|
|
|
10. Construcciones y Auxiliar de Ferrocarriles (M, ES) Heavy Machinery
|
|
10. Construcciones y Auxiliar de Ferrocarriles (M, ES) Heavy Machinery
|
85
|
|
95
|
|
38
|
|
90
|
|
August 21, 2025
Mid sized companies - similar region as Nel ASA
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Wilh. Wilhelmsen (M, NO) Marine
|
|
1. Wilh. Wilhelmsen (M, NO) Marine
|
79
|
|
59
|
|
71
|
|
99
|
|
|
2. Austevoll Seafood (M, NO) Packaged Foods & Meats
|
|
2. Austevoll Seafood (M, NO) Packaged Foods & Meats
|
87
|
|
57
|
|
65
|
|
92
|
|
|
3. Yara International (L, NO) Fertilizers & Agricultural Chemicals
|
|
3. Yara International (L, NO) Fertilizers & Agricultural Chemicals
|
87
|
|
84
|
|
30
|
|
88
|
|
|
4. Orkla (L, NO) Packaged Foods & Meats
|
|
4. Orkla (L, NO) Packaged Foods & Meats
|
41
|
|
85
|
|
72
|
|
90
|
|
|
5. Aker Solutions (M, NO) Oil & Gas Equipment
|
|
5. Aker Solutions (M, NO) Oil & Gas Equipment
|
94
|
|
39
|
|
60
|
|
81
|
|
|
6. Kongsberg Gruppen (L, NO) Aerospace & Defense
|
|
6. Kongsberg Gruppen (L, NO) Aerospace & Defense
|
46
|
|
81
|
|
75
|
|
94
|
|
|
7. Veidekke (M, NO) Construction & Engineering
|
|
7. Veidekke (M, NO) Construction & Engineering
|
20
|
|
96
|
|
48
|
|
56
|
|
|
8. Atea (M, NO) IT Consulting & oth. Services
|
|
8. Atea (M, NO) IT Consulting & oth. Services
|
82
|
|
73
|
|
14
|
|
62
|
|
|
9. Wallenius Wilhelmsen (L, NO) Marine
|
|
9. Wallenius Wilhelmsen (L, NO) Marine
|
87
|
|
55
|
|
59
|
|
93
|
|
|
10. Norwegian Air Shuttle (M, NO) Airlines
|
|
10. Norwegian Air Shuttle (M, NO) Airlines
|
73
|
|
83
|
|
27
|
|
73
|
|
August 21, 2025
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