Norsk Hydro - A Changing World In Aluminum, Meaning Higher Appeal

Summary

  • Norsk Hydro reported a significant decline in overall results for 4Q23 and FY23, with a 50% drop in EBITDA.
  • 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.

Aerial view of the Hydro Norse aluminium production facility with a massive power line leading into the industrial complex

Photofex/iStock Editorial via Getty Images

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

The company discussed in this article is only one potential investment in the sector. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Consider subscribing and learning more here.

This article was written by

Wolf Report profile picture
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Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets.

He is a contributing author and analyst for the investing group iREIT®+HOYA Capital and Wide Moat Research LLC where in addition to the U.S. market, he covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas.

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