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Norsk Hydro Asa ( (GB:0Q11) ) just unveiled an announcement.
Norsk Hydro ASA announced strategic measures to enhance its operations and strengthen its position amidst market uncertainties. The company plans to consolidate its extrusion business in Europe by closing five factories, aiming for cost savings and improved capacity utilization. Additionally, Hydro is advancing its green initiatives with significant investments in renewable energy and aluminum recycling, positioning itself for long-term growth and sustainability. The company is also on track with its improvement program, expecting substantial cost savings and operational efficiencies by 2030, despite adjusting some financial targets due to market conditions.
The most recent analyst rating on (GB:0Q11) stock is a Buy with a NOK77.00 price target. To see the full list of analyst forecasts on Norsk Hydro Asa stock, see the GB:0Q11 Stock Forecast page.
More about Norsk Hydro Asa
Norsk Hydro ASA is a global leader in the aluminum industry, focusing on renewable energy and sustainable aluminum production. The company is committed to pioneering the green shift in aluminum, driven by renewable energy, and aims to produce zero-carbon aluminum by 2050.
Average Trading Volume: 3,847,551
Current Market Cap: NOK140.3B
See more insights into 0Q11 stock on TipRanks’ Stock Analysis page.