Norsk Hydro stock enters October with a EUR 28 million wind farm deal

Published on 10/04/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norsk Hydro stock stood at NOK 80.10 on Oslo Bors on October 2, 2026, while Q2 adjusted EBITDA reached NOK 8.9 billion. Q3 results are scheduled for October 23, 2026, at 07:00 CEST.

Norsk Hydro, NO0005052605, Illustration mit AI erstellt.

Norsk Hydro (ISIN NO0005052605) was last at NOK 80.10 on Oslo Bors on October 2, 2026, with the session change at plus 0.83 percent. The next company checkpoint is a wind park settlement and the October 23 publication of third-quarter results.

EUR 28 million payment takes shape

On September 28, 2026, GlobeNewswire reported that Hydro expects EUR 28 million in compensation after an agreement to sell the Swedish Cloud Snurran wind park. Completion is expected in mid-October 2026, while the final payment remains subject to customary closing adjustments.

Hydro's third-quarter report is scheduled for October 23, 2026, at 07:00 CEST, followed by an English webinar at 08:30 CEST, according to StockTitan. The date gives investors a defined point for testing whether the recent earnings strength can continue.

Q2 earnings set the benchmark

Hydro's Q2 2026 revenue increased 6 percent year over year to NOK 56.5 billion, while adjusted EBITDA reached NOK 8.9 billion versus NOK 8.7 billion a year earlier, according to the Yahoo Finance transcript. Adjusted earnings per share rose to NOK 2.21 from NOK 1.68 in Q2 2025, a 31.5 percent increase.

The operating mix was uneven. Aluminium Metal adjusted EBITDA rose to NOK 6.4 billion from NOK 2.4 billion, while Bauxite and Alumina adjusted EBITDA fell to NOK 550 million from NOK 1.5 billion, highlighting the importance of metal prices and alumina conditions for the next report.

Consensus stays at Hold

RBC downgraded Norsk Hydro to Sector Perform from Outperform on September 16, 2026, and cut its price target to NOK 100 from NOK 120, as reported by MarketScreener. The move places more weight on execution and commodity conditions than on the compensation payment.

A separate MarketScreener consensus lists a Hold rating from 17 analysts and an average target of NOK 93.18. That target lies 16.3 percent above the NOK 80.10 price, while the published consensus range runs from NOK 55 to NOK 118.

Stock remains below yearly high

Norsk Hydro was last at NOK 80.10 on Oslo Bors on October 2, 2026, against a 52-week range of NOK 66.54 to NOK 120.40. The price stood 33.47 percent below the yearly high, while market capitalization was NOK 157.4 billion and volume reached 3,432,108 shares.