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Fortum

23.99 EUR-0.46 %11/9 17:29
30,122 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Investor views
Compare
-0.46 %
+22.49 %
+17.02 %
+17.89 %
+31.96 %
+58.19 %
+95.44 %
-8.26 %
+322.01 %

Fortum is active in the energy sector. In addition to the provision of electricity, a number of technical solutions are offered in heat optimization as well as apps that are used to keep track of energy consumption. The company also provides charging stations for electric cars. The largest activity is found around the Nordic market. The company was founded in 1998 and is headquartered in Espoo.

Read more
Market cap
21.53B EUR
Turnover
53.61M EUR
P/E (adj.) (26e)
24.97
EV/EBIT (adj.) (26e)
19.56
P/B (26e)
2.45
EV/S (26e)
3.84
Dividend yield-% (26e)
3.6 %
Coverage
Recommendation
Reduce
Target price
20.00 EUR
Updated
2026-07-22
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 2026-07-22

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Even the analysts have woken up, but delightfully late… Nordea upgrades Fortum to hold (prev. sell) JPMorgan upgrades Fortum to hold, raises price target to €24.30 (prev. 17.80) Goldman Sachs upgrades Fortum to hold (prev. sell), raises price target to €25.50 (prev. 16.50) SEB upgrades...
yesterday
by VahvaRupla
23
Fortum is likely selling its Loviisa production at a very good price relative to current hedge prices. It is worth noting that the Loviisa nuclear power plant would have been granted an extension even without Google. In addition, this will have a major upward effect on electricity...
9/9/2026, 12:44 PM
by Petter
22
For a couple of years, analysts asked in every earnings release whether Fortum was finally growing thanks to data centers and if there were any contracts. Management didn’t give a single hint, even though they probably wanted to, as easy opportunities (lapasyöttöä) came from left...
9/9/2026, 6:09 PM
by TitoK
20
Well, there were completely new numbers and guidance upwards. Juha Kinnunen brilliantly copied the logic presented by a BNP Paribas analyst on the investor call, and using this reasoning, the price of the contract was 8 c/kWh (excluding VAT), which is quite a bit higher than current...
yesterday
by skuuppia
14
Analyst comments regarding yesterday’s news. Inderes – 10 Sep 26 Fortum ja Google: Hakutuloksena kirkkaampi tulosnäkymä - Inderes Sopimus nostaa liikevoittoa arviolta yli 125 MEUR/v, mutta välilliset vaikutukset voivat olla suuremmat.
yesterday
by KuHa
13
Main message: “This is only the beginning for upcoming major projects, earnings forecasts are rising by 10%, investments tend to feed further investments” At the same time, by the way, Fortum announces that they will not start buying back their own shares. Not even sensible given...
12 hours ago
by PörssiPatruuna
8
Behind the paywall was the news article linked below. AI summarized it as follows: "Fortum’s and Google’s massive electricity supply agreement was prepared as a secret insider project of the listed company, and the Finnish state’s ownership steering had no role in its political preparation...
yesterday
by Sierain
8
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28/10
2026

Interim report Q3'26

Fortum och Google: Sökresultatet är en ljusare resultatutsikt
Analyst Comment2026-09-10 06:30 by
Juha Kinnunen

Fortum och Google: Sökresultatet är en ljusare resultatutsikt

Avtalet höjer rörelseresultatet med uppskattningsvis över 125 MEUR/år, men de indirekta effekterna kan bli större.

Fortum
Regulatory press release2026-09-09 09:00

Inside information: Fortum and Google partner to drive sustainable growth for Finland - sign nuclear Power Purchase Agreement

Fortum
Regulatory press release2026-09-03 08:00

Fortum has received clearance of regulatory approvals for the recommended voluntary cash tender offer for Elmera ASA

Fortum

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Fortum lanserade ett köperbjudande på 450 MEUR för Elmera
Analyst Comment2026-08-24 07:24 by
Juha Kinnunen

Fortum lanserade ett köperbjudande på 450 MEUR för Elmera

Fortums köperbjudande på 450 MEUR för Elmera har inletts.

Fortum
Regulatory press release2026-08-21 08:00

Fortum launches recommended voluntary cash tender offer to the shareholders of Elmera Group ASA and offer period commences

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Markus Rauramo

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Karin Svenske Nyberg

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Tiina Tuomela

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Petra Lundström

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Peter Strannegård

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Nebahat Albayrak

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Kati Levoranta

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Simon-Erik Ollus

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Mikael Lemström

Fortum
Regulatory press release2026-07-23 16:00

Fortum Corporation: Managers' transactions - Mikael Rönnblad

Fortum
Fortum Q2'26: Kvartalet var delvis en förlorad möjlighet
Research2026-07-22 07:00 by
Juha Kinnunen

Fortum Q2'26: Kvartalet var delvis en förlorad möjlighet

I Q2 tyngde produktionsutmaningar och en lägre optimeringspremie än väntat Fortums resultat, som var svagt med hänsyn till omständigheterna. Utsikterna var i stort sett väntade, men datacentersboomen syns fortfarande inte i de nordiska elterminerna.

Fortum
Fortum, Webcast, Q2'26
Webcast2026-07-21 10:00

Fortum, Webcast, Q2'26

Fortum
Regulatory press release2026-07-21 08:00

Fortum January-June 2026 Half-year Financial Report: Pursuing growth through the proposed Elmera acquisition - second-quarter result impacted by lower achieved power price

Fortum
Fortum Q2'26 förhandskommentar: Press på estimaten inför Q2-rapporten
Research2026-07-17 07:00 by
Juha Kinnunen

Fortum Q2'26 förhandskommentar: Press på estimaten inför Q2-rapporten

På grund av låga vattennivåer uppskattar vi att vattenkraftsproduktionen var måttlig under Q2 och att det fortfarande finns utmaningar inom kärnkraftsproduktionen.

Fortum
Fortum förvärvar norska Elmera i en affär värd cirka 450 MEUR
Analyst Comment2026-06-29 08:00 by
Atte Riikola

Fortum förvärvar norska Elmera i en affär värd cirka 450 MEUR

Elmera är en norsk elhandlare.

Fortum