Norsk Hydro stock rises on a 876 GWh power deal
Published on 08/24/2026 at 14:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Norsk Hydro ASA (NO0005052605) gains a fresh catalyst after Statkraft and Hydro Energi signed a long-term power purchase agreement on August 24, 2026, securing 876 GWh a year from 2031 to 2040. The deal covers a total of 8.8 TWh over the contract period and adds another layer of visibility to Hydro's power costs in Norway.
Long-term power visibility
The agreement is the third long-term power purchase agreement Statkraft has signed with Hydro this year, and the companies said the contracts provide stable and competitive power for Hydro's aluminium plants in Norway. In April 2026, the two sides also signed two agreements for 0.9 TWh a year in 2029 and 2030 and 1.3 TWh a year from 2031 to 2038.
That sequence matters because power is a core input for aluminium production, and Hydro said predictable prices remain vital for its low-carbon output. The new contract therefore gives investors a concrete bridge from this year's energy decisions into the next decade.
What the numbers show
The most recent market reading in this call shows Norsk Hydro at NOK 91.98 with a market cap of NOK 180.925 billion. On the same screen, the stock is up 4.21% on the session and 4.96% in the latest cross-check, while the 1-year gain stands at 75.70% in the comparable market snapshot.
For fundamentals, a recent market snapshot lists revenue at NOK 13.6 billion on a trailing basis, net income attributable to common shareholders at NOK 1.27 billion, and levered free cash flow at NOK 960.75 million. That also gives Hydro a profit margin of 9.39% and an EV/EBITDA ratio of 7.30, which is a useful check on how the market is valuing the business after the year-to-date move.
Product and business context
Hydro's aluminium and renewable energy model runs through its industrial power base, and the company said the new contract supports aluminium production in Norway while it continues to pursue renewable sourcing options. The underlying product mix stays centered on aluminium output and electricity-backed industrial supply, which is why contract duration and price stability matter.
Stock and trading view
Norsk Hydro shares trade at NOK 91.98 as of August 24, 2026, with a market cap of NOK 180.925 billion attached to that quote. The combination of a long-dated power agreement, 2026 contract follow-up, and a 75.70% one-year gain keeps the stock tied to both energy pricing and industrial earnings quality.
Fact box
Company: Norsk Hydro ASA
ISIN: NO0005052605
Ticker: NHY.OL
Exchange: Oslo Bors
Price (as of August 24, 2026, 4:00 p.m. ET): NOK 91.98
Market cap: NOK 180.925 billion (as of August 24, 2026)
Sector / Industry: Basic Materials / Aluminum
Index membership: Oslo Bors large-cap universe
