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Fortum

19.73 EUR+2.20 %31/7 17:31
29,946 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+2.20 %
-2.78 %
-8.00 %
-0.95 %
+8.50 %
+22.67 %
+64.10 %
-15.12 %
+246.98 %

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.

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Market cap
17.7B EUR
Turnover
39.08M EUR
P/E (adj.) (26e)
20.53
EV/EBIT (adj.) (26e)
16.14
P/B (26e)
2.02
EV/S (26e)
3.17
Dividend yield-% (26e)
4.38 %
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
Here is Markus’s interview! 00:00 Q2 02:55 Elmera Group 05:39 Market outlook 08:39 Grid capacity
7/21/2026, 7:55 AM
by Verneri Pulkkinen
20
Well, so he’s asking in a short tweet if Fortum could buy Caruna. He’s just looking for cheap points. That is by no means a concrete proposal.
7/23/2026, 1:17 PM
by Paapaa
19
Personally, without having looked into the matter in great detail, I have wondered why Iberdrola’s acquisition of Caruna is considered problematic. I would understand the discussion if Caruna were currently owned by the Finnish state, but in this transaction, ownership is shifting...
7/29/2026, 8:14 AM
by akka
17
For the most part, I was left with the impression of a mediocre mid-cycle report. The result was a bit on the thin side, but the long-term drivers are looming on the horizon. I expected a slight dip in the share price, but instead, there was a jump upwards. The main news of the day...
7/21/2026, 6:39 PM
by PörssiPatruuna
14
Here is the video from Jussi Halme about Fortum In this video, we break down Fortum’s latest Q2 results, which made for grim reading in terms of the numbers. Comparable operating profit fell, the nuclear power production forecast was lowered, and the hedging policy eroded earnings...
7/22/2026, 7:44 PM
by Sijoittaja-alokas
11
Q2 EPS of €0.08 is nothing to celebrate. It looks like the “old” Fortum before the share price increase caused by the AI hype (which is mostly baseless?). I would still buy it if I could get it cheaper.
7/21/2026, 7:14 AM
9
I don’t suppose Finnish companies or the state have any particular right of first refusal, so it would end up as an auction. I don’t know, however, what the seller and Iberdrola have already managed to agree upon, or if it would even be theoretically possible to sell that elsewhere...
7/23/2026, 2:14 PM
by BulleroBull
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

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

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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
Regulatory press release2026-06-29 07:00

Inside information: Agreement between Elmera Group and Fortum on recommended voluntary cash tender offer to the shareholders of Elmera Group

Fortum
Press release2026-06-17 13:00

Fortum will publish its January-June 2026 Half-year Financial Report on 21 July 2026

Fortum
Regulatory press release2026-06-15 15:50

Fortum Shareholders' Nomination Board 2026-2027

Fortum
Regulatory press release2026-05-05 16:00

Fortum Corporation: Managers' transactions - Tiina Tuomela

Fortum
Regulatory press release2026-05-05 16:00

Fortum Corporation: Managers' transactions - Nebahat Albayrak

Fortum