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Norsk Hydro shares rose over 3% in London following the company's 2024 Capital Markets Day, where UBS reaffirmed its Buy recommendation with a target price of NOK 85. While the event delivered mixed news, it provided encouraging insights on capital allocation and minority dividends.
Norsk Hydro ASA stands as a prominent global player in aluminum and energy production, with sales activities divided into aluminum production and refining (18.4%), aluminum product manufacturing (42.7%), aluminum sales and trading (36.5%), and energy production (2.4%). Geographically, the company generates revenue from various regions, including the United States (22.8%), Europe (14%), and significant contributions from countries like Germany (10.9%) and Brazil (5.4%).
Norsk Hydro's stock rose nearly 3% following its CMD 2024 and a positive analysis from UBS, which maintained a buy recommendation with a target price of 85 Norwegian kroner. While the investor day yielded mixed conclusions, UBS noted encouraging visibility on capital allocation and minority dividends.
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted encouraging visibility on capital allocation and minority dividends.
Norsk Hydro's stock rose nearly 3% following its CMD and a favorable analysis from UBS, which maintained a buy recommendation with a target price of NOK 85. While the investor day yielded mixed news, UBS noted improved visibility on capital allocation and minority dividends as positive developments.
Norsk Hydro ASA is a leading global producer of aluminum and energy, with sales activities divided into aluminum production and refining (18.4%), aluminum product manufacturing (42.7%), aluminum sales and trading (36.5%), and energy production (2.4%). Geographically, the company generates revenue primarily from the United States (22.8%), followed by Germany (10.9%) and other regions, including Europe and Asia.
UBS has reaffirmed its Buy recommendation for Norsk Hydro, maintaining a target price of NOK 85 after the company's CMD 2024. While the investor day yielded mixed but expected insights, UBS noted improved clarity on capital allocation and minority dividends as positive developments.
UBS maintains a "Buy" rating for Norsk Hydro following a recent Capital Markets Day. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided for informational purposes and does not reflect its views or involve any conflict of interest. The institution adheres to strict regulations to manage potential conflicts and ensure objectivity in its investment recommendations.
Norsk Hydro ASA is set to discontinue funding for its battery and green hydrogen projects, citing difficult market conditions. The company, known for its hydropower and aluminum production, has been developing a battery business since 2017 but will now phase it out, following Northvolt's recent bankruptcy filing.
Norsk Hydro ASA
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Norsk Hydro shares rise as UBS maintains buy recommendation after investor day
17:00 28.11.2024
rsk hydro reports strong performance in aluminum and energy sectors
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14:00 28.11.2024
rsk hydro shares rise after positive cmd and analyst outlook
13:56 28.11.2024
Norsk Hydro stock rises after positive UBS analysis and CMD 2024 results
13:51 28.11.2024
Norsk Hydro stock rises after positive UBS analysis and CMD 2024
13:51 28.11.2024
Norsk Hydro Maintains Buy Rating Amid Strong Aluminum and Energy Performance
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10:28 28.11.2024
ubs maintains buy rating for norsk hydro after investor day insights
10:24 28.11.2024
ubs maintains buy rating on norsk hydro after company meeting
10:24 28.11.2024
rsk hydro ceases funding for battery and green hydrogen initiatives
07:47 27.11.2024
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