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Norsk Hydro - NHYDY STOCK NEWS

Welcome to our dedicated news page for Norsk Hydro (Ticker: NHYDY), a resource for investors and traders seeking the latest updates and insights on Norsk Hydro.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Norsk Hydro's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Norsk Hydro's position in the market.

Rhea-AI Summary
Norsk Hydro reported adjusted EBITDA of NOK 5,411 million for Q1 2024, down from NOK 7,525 million last year. Despite challenges in aluminium sales prices and recycling margins, the company remains focused on growth and sustainability. Key highlights include increased renewable energy usage, improved profitability through natural gas usage, and ongoing decarbonization efforts. While the weak construction market impacts some segments, positive signs in aluminium prices and premiums are emerging. Hydro is well-positioned to benefit from improving demand for aluminium products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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none
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Rhea-AI Summary
Primary insiders at Norsk Hydro have purchased shares under the Long-Term Incentive program and shares to employees. The Long-Term Incentive plan offers a maximum remuneration of 30 percent of the annual base salary based on performance metrics. Employees in Norway have been offered shares at a 50 percent discount. Several primary insiders have acquired shares under both programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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none
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Rhea-AI Summary
Norsk Hydro will release its first quarter results for 2024 on April 24, 2024, with a webcast hosted by President and CEO Hilde Merete Aasheim and Executive Vice President, Corporate Development & acting CFO Trond Olaf Christophersen. Investors can join the webcast for a Q&A session after the presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
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Rhea-AI Summary
Norsk Hydro ASA announces its Annual General Meeting to be held on May 7, 2024, offering shareholders the option to attend in person or digitally. Advance voting and proxy participation are also available, with no prior registration required.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
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none
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Rhea-AI Summary
Hydro is set to release its first-quarter results for 2024 with a webcast hosted by top executives. The report will be available on hydro.com, with a Q&A session following the presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
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Rhea-AI Summary
Norwegian government, industry associations, and trade unions have agreed on the future of the Norwegian CO2 compensation scheme from 2024 to 2030. The agreement aims to maintain competitive conditions for industries, accelerate decarbonization, and green investments. It includes a maximum annual CO2 compensation of NOK 7 billion for eligible industries, removal of CO2 quota price floor, and inflation-adjusted compensation cap. Industries must implement emission reduction measures equivalent to 40% of compensation paid. Hydro, a key player, is estimated to receive around NOK 3.2 billion in 2024. The scheme aims to prevent carbon leakage and promote green investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
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none
Rhea-AI Summary
Eivind Kallevik appointed as President and CEO of Norsk Hydro ASA, succeeding Hilde Merete Aasheim. Kallevik brings over 30 years of experience in finance and industry to lead Hydro towards 2030 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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none
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Rhea-AI Summary
Trond Olaf Christophersen has been appointed acting CFO in Hydro, replacing Pål Kildemo who will leave for a competitor. The search for a new CFO has begun. Kildemo will support the CEO until August 31.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
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none
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News
Rhea-AI Summary
Hydro's Executive Vice President and CFO, Pål Kildemo, to join Emirates Global Aluminium as CFO, leading to the search for a new CFO at Hydro. Kildemo to stay until August 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
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none
Rhea-AI Summary
Norsk Hydro ASA secures a USD 1,000 million revolving credit facility for general corporate purposes, replacing an existing facility. The two-year tenor with a one-year extension option offers flexibility, backed by a strong group of financial institutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
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none
Norsk Hydro

OTC:NHYDY

NHYDY Rankings

NHYDY Stock Data

13.26B
1.30B
0.06%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Norway
Oslo