Norsk Hydro stock edges higher on solid Q2 2026 figures
Published on 09/10/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Norsk Hydro ASA stock (ISIN NO0005052605) is trading around NOK 92 on the Oslo Bors as of September 10, 2026, supported by solid second quarter 2026 results and a valuation that remains below some global mining peers.
Q2 2026 earnings underpin the share
According to Yahoo Finance, Norsk Hydro reported revenue of NOK 56.49 billion in the second quarter of fiscal 2026, with earnings of NOK 5.69 billion for the period and a profit margin of 10.08 percent, which gives investors a clear picture of a profitable business as of Q2 2026.
On a trailing twelve-month basis, revenue stands at NOK 204.64 billion and net income attributable to common shareholders at NOK 9.76 billion, providing a sense of the scale of the company over the last year compared with the single-quarter figures of Q2 2026.Yahoo Finance
Valuation and peer context
In the valuation debate, one focal point for investors is the forward price-to-earnings ratio of Norsk Hydro relative to diversified miners. According to an analysis comparing Norsk Hydro ADS with BHP by Zacks Investment Research on September 9, 2026, Norsk Hydro (NHYDY) currently trades at a forward P/E of 11.13, while BHP is valued at a forward P/E of 18.17, underlining that Norsk Hydro stock carries a noticeable discount versus at least one large global peer.
The same valuation comparison notes that Norsk Hydro ADS holds a Zacks Rank of 2 (Buy) as of September 9, 2026, while BHP is rated 3 (Hold), which investors may interpret as a more favorable near-term earnings outlook for Norsk Hydro stock relative to that peer, even though ratings and targets are always subject to change as new information emerges.Zacks Investment Research
Price level and recent performance
Per market data for Oslo Bors compiled on September 10, 2026, Norsk Hydro stock last changed hands at NOK 92.14, corresponding to a daily move of minus 0.96 percent at 08:08:06 EDT, while the year-to-date performance stands at plus 18.83 percent, indicating that the shares have delivered a high-teens percent gain since the start of 2026 even after the latest minor pullback.MarketScreener
The same price overview indicates a current level of NOK 92.80 against a 52-week low of NOK 55.00 and an average level of NOK 95.47, meaning the stock is trading significantly above its 52-week low and only modestly below the typical range implied by the average price, a pattern that underlines a strong recovery from lower levels earlier in the year.Yahoo Finance
Norsk Hydro ASA stock facts
- Company: Norsk Hydro ASA
- ISIN: NO0005052605
- Ticker: NHY
- Trading venue: Oslo Bors
- Price (as of September 10, 2026, 08:08): 92.14 NOK
- Market capitalization: Data not specified in available price snapshot (as of September 10, 2026)
- Sector / Industry: Materials / Aluminum
- Index membership: Oslo Bors Benchmark Index (OSEBX)
