Norsk Hydro Fighting to Overcome Fallout From Recent Cyberattack and Alunorte Production Embargo
Norsk Hydro shares rallied on March 27 on speculation that the company's Alunorte alumina refinery might resume operations in the near future. As we wrote in earlier updates, this is consistent with our prior view. We'd be surprised if the production embargo remains in place beyond the first half of this year. Even after today's rally, Hydro shares are trading roughly in line with our unchanged NOK 34 per share fair value.Our no-moat rating is unchanged. Hydro continues to operate toward the lo...
Norsk Hydro is an aluminium group based in Norway. Co. is engaged in the supply of aluminium and aluminium products. Co. supplies casthouse products, such as extrusion ingots, sheet ingots and foundry alloys. Co's customers are active in sectors such as the packaging, lithographic, building, automotive and transport sectors. In addition, Co. is engaged in the production of power in Norway. Its business is divided into six operating segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, and Energy and Other and Eliminations.
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