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Fortum

22.99 EUR+0.35 %22/10 13:23
30,304 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
+0.35 %
-1.08 %
+13.64 %
+8.19 %
+26.46 %
+29.85 %
+112.48 %
-15.26 %
+304.42 %

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
20.63B EUR
Turnover
3.02M EUR
P/E (adj.) (26e)
22.39
EV/EBIT (adj.) (26e)
18.19
P/B (26e)
2.33
EV/S (26e)
3.81
Dividend yield-% (26e)
4.02 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
2026-09-28
Pauli Lohi
Pauli Lohi

Analyst

Latest research

Latest analysis report

Released: 2026-09-28

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Yes, there was a change of analyst for Fortum. I have previously followed the company myself early in my career at Nordea in 2019–21 as an assistant, so I don’t have to build the expertise completely from scratch. It’s nice to return to following the company now that the market is...
9/29/2026, 10:57 AM
by Pauli Lohi
35
A project by Fortum’s associated company took a step forward. The actual final investment decision is possibly expected towards the end of next year. This Kokkola conglomerate is of such a scale that its electricity consumption alone would be about a tenth of Finland’s current total...
10/8/2026, 5:44 AM
by PörssiPatruuna
19
Key messages from Fingrid below. The direction is the same in Sweden. This doesn’t look so bad through F’s lenses. The Franco-German investment bank Oddo BFH raised Fortum’s target price to EUR 28 today. @Pauli_Lohi put it at EUR 22 as an opening sample. Which one is right? Especially...
9/30/2026, 3:46 PM
by PörssiPatruuna
16
Electric boilers smooth out cheaper prices into more expensive ones. To some extent, the electrification of transport does the same, but on a smaller scale compared to boilers. A hydropower producer is not really interested in the cheapest hours. It’s nice for them if those prices...
10/5/2026, 2:33 PM
by kolma
15
Why would the price of electricity go up from here? Add that aluminum plant to Kokkola and boom, there you go Tärkeimmät talousuutiset | Kauppalehti – 5 Oct 26 Suomalaisyhtiö Kauppalehdelle: suunnittelee jopa 50 miljardin euron datakeskusta Laskentatehoa myyvä suomalaisyhtiö Verda...
10/5/2026, 1:13 PM
by timontti
11
This is a good question. Here are a few points I have considered while preparing the forecast for the optimization premium: The vast majority of the optimization premium comes specifically from hydropower utilizing electricity price volatility, and I do not expect a radical change...
10/6/2026, 12:31 PM
by Pauli Lohi
8
@Pauli_Lohi The report mentions an optimization premium of €8/MWh. If (when) electricity prices rise and more wind power is built, price volatility will almost certainly increase. During windy weather, prices will remain cheap going forward, but when the wind doesn’t blow, it’s mainly...
10/5/2026, 11:46 AM
by kolma
7
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

2/2
2027

Annual report '26

31/3
2027

General meeting '27

Fortum Q3'26 förhandskommentar: Lågt elpris har bromsat vinsttillväxten
Analyst Comment2026-10-21 06:50 by
Pauli Lohi

Fortum Q3'26 förhandskommentar: Lågt elpris har bromsat vinsttillväxten

Investerarnas blickar riktas mot prisutsikterna på längre sikt.

Fortum
Press release2026-10-14 13:30

Fortum will publish its January-September 2026 Interim Report on 28 October 2026

Fortum
Fortum, Webcast, Q3'26
Webcast2026-10-28 10:00

Fortum, Webcast, Q3'26

Fortum

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Regulatory press release2026-10-02 19:00

Fortum announces settlement and results of its recommended voluntary cash tender offer for Elmera Group ASA

Fortum
Fortum: Datacenter sätter fart på elmarknaden
Research2026-09-28 19:16 by
Pauli Lohi

Fortum: Datacenter sätter fart på elmarknaden

Elpriset kommer att stiga, men aktiekursen prissätter redan för mycket.

Fortum
Fortum: Företagsförvärvet av Elmera på väg att slutföras
Analyst Comment2026-09-28 07:40 by
Pauli Lohi

Fortum: Företagsförvärvet av Elmera på väg att slutföras

Genomförandet är väntat och bidrar till att öka skalan inom detaljhandelsaffären.

Fortum
Regulatory press release2026-09-25 12:20

90% Minimum Acceptance condition satisfied for Fortum's recommended voluntary cash tender offer for Elmera Group ASA

Fortum
Analyst Comment2026-09-22 06:45 by
Pauli Lohi

Fortum: Att nå minimiacceptansen för Elmera-budet är nära förestående

Uppköpserbjudandet ser ut att gå igenom.

Fortum
Regulatory press release2026-09-21 08:00

Update on acceptances of Fortum's recommended voluntary cash tender offer for Elmera Group ASA

Fortum
Regulatory press release2026-09-18 16:00

Fortum extends offer period for recommended voluntary cash tender offer for Elmera Group ASA

Fortum
Regulatory press release2026-09-17 12:15

Fortum to launch the savings period for 2027 under its employee share savings programme

Fortum
Regulatory press release2026-09-17 12:00

Fortum's financial calendar in 2027

Fortum
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
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