Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

JP Morgan Downgrades Norsk Hydro Amid Alunorte Gas Supply Concerns

Guavy AI Editorial Team
Instruments
Natural Gas
Share

Norsk Hydro, an aluminum producer, took a hit on Friday as J.P. Morgan downgraded its stock to Neutral from Overweight and lowered its price target to 97 Norwegian kroner from 116 kroner.

The downgrade was due to concerns over the potential impact of disrupted natural gas supply at Norsk Hydro's Alunorte alumina refinery in Brazil on Q4 earnings.

J.P. Morgan analyst Patrick Jones noted that while the disruption had a significant impact on Q3 earnings, he remains concerned about the potential for additional disruptions in Q4 if Norsk Hydro needs to secure more spot liquefied natural gas volumes.

More on Commodities

Commodities 5m ago

Bangladesh Gold Prices Spike Again Amid Domestic Market Volatility

Commodities 5m ago

Iraqi Gold Prices Dip in Baghdad and Erbil Markets

Commodities 11m ago

Ratnaveer Precision Engineering Soars on Strong Rights Issue Subscription

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy