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Fortum

23.31 EUR-0.72 %7.10, 17.29
30,247 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Investor views
Compare
-0.72 %
+11.11 %
+17.25 %
+3.00 %
+28.22 %
+42.22 %
+119.59 %
-13.79 %
+310.04 %

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
20.92B EUR
Turnover
28.38M EUR
P/E (adj.) (26e)
22.7
EV/EBIT (adj.) (26e)
18.43
P/B (26e)
2.37
EV/S (26e)
3.86
Dividend yield-% (26e)
3.97 %
Coverage
Recommendation
Reduce
Target price
22.00 EUR
Updated
28.09.2026
Pauli Lohi
Pauli Lohi

Analyst

Latest research

Latest analysis report

Released: 28.09.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
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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
33
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
15
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
13
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
10
Yhtiöraporttiin sentään huomasin laittaa oikean nimen, mutta tuohon en. @PorssiPatruuna :), kiitos huomiosta Tais mennä Juhan nimi “vanhasta muistista”.
9/29/2026, 8:35 AM
by Sijoittaja-alokas
7
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...
yesterday
by Pauli Lohi
6
@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
6
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, Webcast, Q3'26
Webcast28.10.2026, 10.00

Fortum, Webcast, Q3'26

Fortum
Regulatory press release02.10.2026, 19.00

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

Fortum
Fortum: Datacentre skaber liv i elmarkedet
Research28.09.2026, 19.16 by
Pauli Lohi

Fortum: Datacentre skaber liv i elmarkedet

Elprisen kommer til at stige, men aktiekursen indregner allerede for meget.

Fortum

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Fortum: Elmera-opkøb på vej til at blive gennemført
Analyst Comment28.09.2026, 07.40 by
Pauli Lohi

Fortum: Elmera-opkøb på vej til at blive gennemført

Udførelsen er forventet og hjælper med at øge skalaen i detailforretningen.

Fortum
Regulatory press release25.09.2026, 12.20

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

Fortum
Analyst Comment22.09.2026, 06.45 by
Pauli Lohi

Fortum: Nåcete af minimumacceptgrænsen for Elmera-købstilbuddet er tæt på

Købstilbuddet ser ud til at blive vedtaget.

Fortum
Regulatory press release21.09.2026, 08.00

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

Fortum
Regulatory press release18.09.2026, 16.00

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

Fortum
Regulatory press release17.09.2026, 12.15

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

Fortum
Regulatory press release17.09.2026, 12.00

Fortum's financial calendar in 2027

Fortum
Analyst Comment14.09.2026, 06.51

Børsaktionærens uge | Industri & Ingeniørvirksomheder 11.9.2026

Præsentationerne fra Børsinvestoruquens traditonsrige Industri & Ingeniørvirksomheder-dag kan ses på inderesTV.

FortumEnersense InternationalMetsä BoardEndomines FinlandOutokumpuKalmarKoneMetso
Fortum og Google: Et klarere indtjeningsbillede som søgeresultat
Analyst Comment10.09.2026, 06.30 by
Juha Kinnunen

Fortum og Google: Et klarere indtjeningsbillede som søgeresultat

Aftalen vil efter anslags vækste EBIT med over 125 MEUR/år, men de afledte effekter kan være større.

Fortum
Regulatory press release09.09.2026, 09.00

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

Fortum
Regulatory press release03.09.2026, 08.00

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

Fortum
Fortum lancerede et købstilbud på 450 MEUR på Elmera
Analyst Comment24.08.2026, 07.24 by
Juha Kinnunen

Fortum lancerede et købstilbud på 450 MEUR på Elmera

Fortums købstilbud på 450 MEUR på Elmera er blevet lanceret.

Fortum
Regulatory press release21.08.2026, 08.00

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

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Markus Rauramo

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Karin Svenske Nyberg

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Tiina Tuomela

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Petra Lundström

Fortum