U.S. markets close in 6 hours 27 minutes

Norsk Hydro ASA (NHY.OL)

Oslo - Oslo Delayed Price. Currency in NOK
Add to watchlist
53.28-0.02 (-0.04%)
As of 3:17PM CEST. Market open.
Full screen
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close53.30
Open52.96
Bid53.28 x 1100
Ask53.30 x 410000
Day's Range52.44 - 53.58
52 Week Range20.74 - 56.56
Volume1,728,585
Avg. Volume6,301,258
Market Cap109.177B
Beta (5Y Monthly)1.40
PE Ratio (TTM)59.13
EPS (TTM)0.90
Earnings DateApr 27, 2021
Forward Dividend & Yield1.25 (2.35%)
Ex-Dividend DateMay 07, 2021
1y Target Est53.61
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
    View more
    • Norsk Hydro: Hydro to explore hydrogen opportunities
      GlobeNewswire

      Norsk Hydro: Hydro to explore hydrogen opportunities

      Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company’s industrial and renewable power expertise. “We see a substantial potential for industrial hydrogen consumption. Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen,” says Hilde Merete Aasheim, President and CEO in Hydro. Hydro has set out a clear strategic direction toward 2025 and aims to strengthen its position in low-carbon aluminium, while exploring new growth opportunities in recycling and new energy. “Hydro has unique capabilities that set us apart from other industrial players due to our own renewable power positions and competence, and large internal demand for gas that can be replaced by green hydrogen solutions. We can therefore build and develop a complete value chain for green hydrogen in Norway,” Aasheim says. A developer and operator role for Hydro is in line with the company’s internal pipeline of possible hydrogen projects and would likely entail a full or partial switch from gas to hydrogen in plants in several locations. A probable start to this process would be to switch from gas to hydrogen at some of Hydro’s aluminum plants in Norway. “We have large internal demand for gas used for heating in our casthouses and anode production, and a hydrogen production facility could be placed near the consumption. For Hydro it would contribute to our target of reducing our own CO2 emissions by 30% by 2030,” Aasheim says. Hydrogen technologies and their applications have been on Hydro’s agenda multiple times for several decades. Several elements have changed over the last years, lifting the profitability in switching from gas to hydrogen at Hydro’s plants. EU and Norway’s ambitions to decarbonize the economy by 2050 require hydrogen as an important energy carrier, and support schemes are being put in place. Additionally, technology cost is coming down and Norway is well-suited for hydrogen development and use due to its attractive, renewable power. Hydro will revert with more information about the options under evaluation and the way forward at the company’s first-quarter strategic update and results presentation on April 27. Investor contact: Line Haugetraa +47 41406376 Line.Haugetraa@hydro.com Media contact: Halvor Molland +47 92979797 Halvor.Molland@hydro.com

    • China Mulls Selling Aluminum From State Reserves to Cool Prices
      Bloomberg

      China Mulls Selling Aluminum From State Reserves to Cool Prices

      (Bloomberg) -- China is considering selling about 500,000 metric tons of aluminum from state reserves, according to a person with knowledge of the plan, in a move that would help cool the market and meet the Asian nation’s emissions objectives.Aluminum prices plunged, hitting a daily decline limit in Shanghai, as traders sold futures contracts on earlier speculation of China’s plans. Releasing stockpiles of the highly carbon-intensive metal could offset production losses caused by China’s commitment to limiting energy usage as it plots its course to a carbon-neutral economy by 2060.Calls to China’s National Food and Strategic Reserves Administration seeking comment weren’t answered.China’s plan and its details, including the volume of aluminum to be released, are subject to change, the person said. Beijing is keen to prevent elevated prices of the industrial metal widely used in a range of goods including appliances, window frames and car parts from feeding through into inflation, according to the person.“Price weakness on the back of this possibility presents a buying opportunity,” Citigroup analysts including Oliver Nugent said in a note. While “this may well occur, albeit most likely gradually over the next 5 years or so, it would have only a minimal impact on the aluminium market.”Aluminum had climbed to its highest price in a decade in Shanghai earlier this month after Inner Mongolia, a major coal-fired production hub in northern China, said it’ll stop approving new projects following a reprimand from Beijing for failing to control its energy consumption.China is by far the world’s dominant supplier of aluminum. The country’s primary aluminum output totaled 37 million tons last year, and production in the first two months of this year rose to record levels.China previously sold aluminum from its reserves in 2010, when production cuts aimed at meeting energy-saving targets tightened supply. That same year also saw the sale of commodities from zinc to magnesium, cotton and corn to ease shortages and curb price gains.Aluminum traded 2.3% lower to settle at $2,219.50 a metric ton at 5:59 p.m. on the London Metal Exchange. In equity markets, producer Alcoa Corp. dropped 9% while European producer Norsk Hydro ASA slumped 5.2% and Granges AB and AMG Advanced Metallurgical Group also slipped.Other metals were mixed, with copper slipping below $9,000 a ton as the dollar climbed. Trafigura, the world’s biggest copper trader, expects the metal to hit $15,000 a ton in the coming decade as demand from global decarbonization produces a deep market deficit.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    • Norsk Hydro: Annual report 2020 - Emerging stronger from an extraordinary year
      GlobeNewswire

      Norsk Hydro: Annual report 2020 - Emerging stronger from an extraordinary year

      “The pandemic put us all to the test last year. Yet, Hydro managed an extraordinary 2020 carefully, emerging stronger and well positioned to deliver on our agenda to become a profitable and more sustainable industry leader,” President and CEO Hilde Merete Aasheim writes in her letter to shareholders. “I’m grateful and impressed by how our organization kept the wheels turning, delivering on the improvement ambitions and positioning Hydro for the future, while always putting health and safety first,” she adds. Aasheim points to significant progress toward Hydro’s ambition to lift profitability and drive sustainability. “We have accelerated our improvement efforts in 2020. Our extended program targets NOK 8.5 billion by 2025 across all business areas and staffs. I am happy that we exceeded our improvement target and achieved savings of NOK 4.2 billion for 2020, amounting to about half of the overall 2025 ambition. “This March we reached another milestone with the finalization of the strategic review of the Rolling business and with a conclusion to sell the business to the U.S.-based private equity firm KPS Capital Partners. The agreement marks another step toward making Hydro a profitable and more sustainable industry leader – to the benefit of our employees, our customers and our shareholders,” Aasheim continues. Among other milestones, Aasheim points to the successful verification of the Karmøy Technology Pilot in Norway in 2020, producing primary aluminium with 15 percent lower specific energy consumption and significantly lower greenhouse gas emissions compared with the world average. Many of the same technology elements were implemented in the upgrade at the Husnes aluminium plant in Norway, which is ramping up to full capacity after running at half capacity since the financial crisis in 2009. Hydro also sees promising traction in the market for the low-carbon aluminium brand Hydro REDUXA and the Hydro CIRCAL brand produced with a minimum of 75 percent post-consumer scrap. “On social responsibility we are progressing in our work to strengthen local community relations, communities and business partners through education and empowerment where we operate. We have high expectations to our pioneer tailings dry-backfill method at our Paragominas bauxite mine in Brazil, that will eliminate the need to establish new tailing dams,” Aasheim says. “We take inspiration from our ability to mobilize as we face another important transformation: The green transition. In 2020, we established a new strategic direction toward 2025, building on our profitability and sustainability agenda. We will pursue our strategic ambition by capturing opportunities where our capabilities match the global megatrends such as sustainability, electrification and urbanization. “The two pillars of our strategic agenda are about strengthening our position in low-carbon aluminium, while exploring new growth opportunities in areas such as recycling, renewable energy and batteries. This is how we will create value going forward. “As a global energy and aluminium company, Hydro is committed to leading the way by creating more for less. With a new strategic direction, we embark on the next chapter in Hydro's history of building industries that matter and creating value by taking a lead role in the green transition, producing products and solutions for the low-carbon, circular economy,” says Aasheim. The report, meeting the Norwegian statutory requirements for annual reporting, is "Financial Statements and Board of Directors' Report – 2020." This report is available in Norwegian and English. In addition, a more extensive report is available, "Annual Report – 2020," with detailed information about Hydro's businesses, operational performance, financial performance, viability performance, corporate governance, environmental, social and financial statements. The report is available in English. Investor contact: Line Haugetraa +47 41406376 Media contact: Halvor Molland +47 92979797 Cautionary note Certain statements included in this announcement contain forward-looking information, including, without limitation, information relating to (a) forecasts, projections and estimates, (b) statements of Hydro management concerning plans, objectives and strategies, such as planned expansions, investments, divestments, curtailments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, and (i) qualified statements such as "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream businesses; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors. No assurance can be given that such expectations will prove to have been correct. Hydro disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments Annual report 2020 Financial Statements and Board of Directors report 2020