Norsk Hydro - A Changing World In Aluminum, Meaning Higher Appeal [Seeking Alpha]
NORSK HYDRO A S ADS (NHYDY)
NASDAQ:AMEX Investor Relations:
hydro.com/en/investor-relations
Company Research
Source: Seeking Alpha
The company exceeded improvement and efficiency targets for the year. Despite challenges in 2023, there are initial signs of improvement in demand and inventory balances for 2024. I view the company as a "BUY" here. Dear readers/followers, Norsk Hydro ( OTCQX:NHYDY ) is a company that I've reviewed a number of times over the past few years. I had a very appealing position in the company that I bought at below 30 NOK/share, and sold at over 60, for a triple-digit RoR. The company has not declined back down again as quickly as I expected this to happen, but the fundamental appeal of the business has also increased quite a bit due to the changing nature of the aluminum sector. In this article, we'll digest full-year results for the company, and see what we can expect for the coming year. Norsk Hydro reported 4Q in the middle of February - and on a year-over-year basis, the company saw a significant overall decline from the previous year. I view this company as a must-buy at a
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News
- Norsk Hydro: Resilient in weak markets, positioned for growthGlobeNewswire
- Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employees [Yahoo! Finance]Yahoo! Finance
- Norsk Hydro: Primary insiders purchase shares under Long-Term Incentive program and shares to employeesGlobeNewswire
- Norsk Hydro: Reminder - Invitation to Hydro's first quarter results 2024GlobeNewswire
- Norsk Hydro: Notice of Annual General Meeting 2024 [Yahoo! Finance]Yahoo! Finance