Is Norsk Hydro a Buy?

Wall Street analysts have given Norsk Hydro ASA a "Buy" rating, but there may be better buying opportunities in the stock market.

Is Hydro a good buy?

Pays a good yield, but there isn't much growth. She wants utilities for the yields but also cash flow growth. The Ontario government still owns 47% of this company so it's possible they could sell down and get involved in the company's operations.

Who owns Norsk Hydro?

The Norwegian state owns 34.3% of the company through the Ministry of Trade, Industry and Fisheries. A further 6.5% is owned by Folketrygdfond, which administers the Government Pension Fund of Norway. Norsk Hydro employs approximately 35,000 people. Hilde Merete Aasheim has been the CEO since May, 2019.