Norsk Hydro ASA

Earnings data Q1 2021

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Norsk Hydro ASA engages in producing and supplying alumina and primary aluminum. It operates through the following segments: Hydro Bauxite and Alumina, Hydro Aluminium Metal, Hydro Extrusions, Hydro Energy, Hydro Metal Markets, and Other. The Hydro Bauxite and Alumina segment includes bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina. The Hydro Aluminium Metal segment focuses on primary aluminium production and casting activities. The Hydro Extrusions segment delivers products within extrusion profiles, building systems and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. The Hydro Energy refers to operating and commercial responsibility for Hydro's power stations in Norway, a trading and wholesale business in Brazil, and energy sourcing for Hydro’s world-wide operations. The Hydro Metal Markets is involved in all sales activities relating to products from primary metal plants and operational responsibility for stand-alone recyclers as well as physical and financial metal trading activities. The company was founded on December 2, 1905 and is headquartered in Oslo, Norway.

Norsk Hydro's valuation has become more attractive, with a price target of 70 NOK and a "Buy" rating due to its strong fundamentals and growth potential. Despite recent challenges, including geopolitical risks and weak extrusion demand, Hydro's focus on green aluminum and sustainability initiatives positions it well for long-term growth. The company's financials show resilience, with growing demand for aluminum in sustainable sectors and a well-covered dividend yield of 4.1%.

Norsk Hydro: Getting More Attractive

Please see below information about transactions made under the share buyback program for Norsk Hydro ASA. Announcement date of the share buyback program: September 11, 2024 End date of the share buyback program: February 28, 2025 Overview of transactions: Date Aggregated daily volume (number of Shares) Weighted average share price per day (NOK) Total daily transaction value (NOK) 11/12/2024  475 000 65.94  31 321 975 12/12/2024  450 000 65.59  29 516 895 13/12/2024  500 000 65.44  32 720 100 16/12/2024  520 000 64.60  33 592 468 17/12/2024  580 000 63.92  37 072 672 Previous Transactions 12 679 235     Accumulated to date 15 204 235 66.38 1 009 308 744   Prior to the share buyback program Norsk Hydro ASA owned a total of 14 082 505 own shares.

Norsk Hydro: Status share buyback program

Norway's Norsk Hydro will stop funding its green hydrogen and battery businesses on the back of challenging market conditions. “Battery materials and green hydrogen will no longer be strategic growth areas for Hydro,” the hydropower and aluminium producer said on Wednesday.

Norsk Hydro cuts green hydrogen, battery projects on tough conditions

Hydro is advancing on its 2030 strategy to seize opportunities from the green transition, driving growth in aluminium recycling and extrusions, and executing on renewable power generation and sustainability ambitions. These topics will be key for Hydro's Capital Markets Day 2024.

Hydro Capital Markets Day 2024: Accelerating the green aluminium transition

Norsk Hydro ASA (NHYDY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Norsk Hydro ASA (NHYDY)

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Investors with an interest in Metal Products - Procurement and Fabrication stocks have likely encountered both Norsk Hydro ASA (NHYDY) and Esab (ESAB). But which of these two stocks presents investors with the better value opportunity right now?

NHYDY vs. ESAB: Which Stock Should Value Investors Buy Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Norsk Hydro ASA (NHYDY) Stock Undervalued Right Now?

Fast-paced Momentum Stock Norsk Hydro ASA (NHYDY) Is Still Trading at a Bargain

Hydro is pleased to invite investors, analysts, financial media and other stakeholders to its Capital Markets Day on November 27, 2024.

Norsk Hydro: Reminder - Invitation to Hydro's Capital Markets Day, London

Correction is made to the quarterly results release made on October 24, 2024. The correction is related to adjusted RoaCE wrongly stated as 8.5 percent. The correct number is 7.2 percent.

Correction: Norsk Hydro: Strong upstream results, building downstream robustness

Investors looking for stocks in the Metal Products - Procurement and Fabrication sector might want to consider either Norsk Hydro ASA (NHYDY) or Northwest Pipe Co. (NWPX). But which of these two stocks presents investors with the better value opportunity right now?

NHYDY or NWPX: Which Is the Better Value Stock Right Now?

Is Norsk Hydro ASA (NHYDY) a Great Value Stock Right Now?

As part of the reorganization plan of Markbygden Ett AB, also supported by Hydro, Hydro has agreed to a settlement for the long-term power purchase agreement (PPA) with the company. In the settlement, Hydro is entitled to a compensation of up to EUR 248 million for its voluntary termination of the PPA.

Norsk Hydro: Reorganization plan for Markbygden Ett AB approved in Umeå District Court

Norsk Hydro ASA (OTCQX:NHYDY) Q3 2024 Results Conference Call October 24, 2024 2:30 AM ET Company Participants Martine Hagen - Head, IR Eivind Kallevik - CEO, President Trond Olaf Christophersen - CFO Martine Hagen Good morning, and welcome to Hydro's Third Quarter 2024 Presentation and Q&A. So we will start off with the presentation from our President and CEO, Eivind Kallevik; before our CFO, Trond Olaf Christophersen, will take us through the financial results.

Norsk Hydro ASA (NHYDY) Q3 2024 Earnings Call Transcript

Hydro has decided to reduce its ownership in synthetic graphite producer Vianode, based in Norway, from 30 to 19.9 percent. On September 6, the private equity fund Altor exercised a put option requiring Hydro to acquire an additional 20 percent of Vianode.

Hydro reduces ownership in Vianode

Hydro's third quarter results 2024 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on October 24, 2024. The quarterly report and presentation will be available on hydro.com at the same time. 

Norsk Hydro: Reminder - Invitation to Hydro's third quarter results 2024

Norsk Hydro has seen an 11.11% RoR since my last update, outperforming the index return of 10.94%, despite significant market volatility. The company's focus on green initiatives, like Hydro Rein and Hydro CIRCAL, positions it well for the sustainable transition and decarbonization trends. Key headwinds include low scrap generation and reliance on customs measures to protect against cheap aluminum imports from China.

Norsk Hydro: Good Returns On A Fairly Highly Valued Aluminum Play

Norsk Hydro: Invitation to Hydro's third quarter results 2024

Norsk Hydro: Invitation to Hydro's Capital Markets Day, London

The Board of Directors of Norsk Hydro ASA has resolved to initiate a share buyback program to service its shareholders by way of reducing its share capital. The share buyback program will be executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of Norsk Hydro held on May 7, 2024.

Norsk Hydro: Initiation of share buyback program

On September 6, the private equity fund Altor has exercised its put option, requiring Hydro to acquire additional 20 percent of Vianode, resulting in equal 50/50 ownership stake for both parties.

Norsk Hydro: Hydro acquires additional 20 percent of Vianode as Altor is exercising put option

Should Value Investors Buy Norsk Hydro ASA (NHYDY) Stock?

Q2 financial results show revenue up 7% from Q1 but down 5% Y-o-Y, with adjusted net income improving by 12%. Norsk Hydro ASA's share price dropped 21% since our bearish call in May. NHYDY's net debt increased by NOK 2.3 billion since Q1.

Norsk Hydro Delivered Slightly Better Results In Q2

Investors interested in stocks from the Metal Products - Procurement and Fabrication sector have probably already heard of Norsk Hydro ASA (NHYDY) and Esab (ESAB). But which of these two stocks is more attractive to value investors?

NHYDY vs. ESAB: Which Stock Is the Better Value Option?

News for Norsk Hydro ASA Stock (NHYDY)