Norsk Hydro stock holds steady as power and aluminum matter

Published on 09/04/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norsk Hydro stock is trading near NOK 95.12 after a 3.06 percent gain, while analysts keep a Hold view and the latest quarter remains the key reference for margins and cash generation.

Just Eat Takeaway.com N.V. (NL0012015606) - Isometrisches 3D — Just Eat Takeaway.com N.V. (NL0012015606) als isometrisches 3D-Diagramm der Wertschöpfungskette mit stilisierten Icons und Verbindungslinien, Illustration mit AI erstellt.

Norsk Hydro stock (NO0005052605) ended at NOK 95.12 on September 3, 2026, after a 3.06 percent rise, while MarketScreener showed a Hold consensus from 17 analysts and an average target price of NOK 95.47 on September 4, 2026.

Investing.com, citing Reuters, said Norsk Hydro added 3.06 percent to end at NOK 95.12 as the Oslo OBX slipped 0.04 percent on September 3, 2026. That put Hydro close to its average target and 16.38 percent ahead for 2026 on the same consensus page.

Margins still set the tone

The latest quarter remains the key reference point for the business: Norsk Hydro reported Q2 2026 revenue of NOK 53.35 billion, adjusted EBITDA of NOK 7.79 billion and net income of NOK 4.11 billion. Revenue was down from NOK 57.08 billion a year earlier, while adjusted EBITDA was up from NOK 6.65 billion.

That mix matters because the aluminum group is still being judged on the spread between power costs, metal prices and downstream demand. The companys integrated model leaves investors watching both operating margin and cash generation.

Analysts stay cautious

MarketScreener listed 17 analysts on September 4, 2026, with a mean consensus of Hold, a high target of NOK 120.00 and a low target of NOK 55.00. The average target sat only NOK 0.35 above the last close, which shows how tightly the stock is being valued.

For investors, the useful comparison is simple: Norsk Hydro stock closed at NOK 95.12, while the consensus average stood at NOK 95.47 and the 2026 gain on the page was 16.38 percent. A first.

Go deeper

Hydro stock and the latest figures

The latest quarter, the 2026 consensus and the Oslo close give a compact view of what is driving Norsk Hydro stock now.

Norsk Hydro coverage Investor Relations

Aluminum exposure stays central

Hydro produces aluminum across bauxite, alumina, primary metal and downstream extrusion, and that breadth keeps the stock tied to industrial demand as well as power-market conditions in Norway. The companys mix of hydropower-backed production and downstream exposure is what keeps the equity story distinct.

Oslo close and profile

As of September 3, 2026, Norsk Hydro stock closed at NOK 95.12 on Oslo, with a 52-week range that the market will keep comparing against the current consensus band and the Q2 2026 margin profile. The latest close and the NOK 95.47 average target leave little gap for the market to reprice without a new operating catalyst.