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Fortum

19.50 EUR-3.01 %28.7, 17.29
29,940 following

FORTUM

NASDAQ Helsinki

Multi

Energy

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-3.01 %
-0.38 %
-9.95 %
-3.35 %
+7.23 %
+16.08 %
+60.52 %
-16.97 %
+242.93 %

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
17.49B EUR
Turnover
22.09M EUR
P/E (adj.) (26e)
20.29
EV/EBIT (adj.) (26e)
15.96
P/B (26e)
1.99
EV/S (26e)
3.14
Dividend yield-% (26e)
4.43 %
Coverage
Recommendation
Reduce
Target price
20.00 EUR
Updated
22.07.2026
Juha Kinnunen
Juha Kinnunen

Analyst

Latest research

Latest analysis report

Released: 22.07.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
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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
18
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
10
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
Here is Juha’s company report on Fortum following their Q2 results​ We reiterate our “reduce” rating for Fortum with a target price of 20.0 euros following Q2 results that fell slightly short of expectations. In Q2, production challenges and a weaker-than-anticipated optimization...
7/22/2026, 5:28 AM
by Sijoittaja-alokas
6
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
5
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 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

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Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Petra Lundström

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Peter Strannegård

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Nebahat Albayrak

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Kati Levoranta

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Simon-Erik Ollus

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Mikael Lemström

Fortum
Regulatory press release23.07.2026, 16.00

Fortum Corporation: Managers' transactions - Mikael Rönnblad

Fortum
Fortum Q2'26: Kvartalet var delvist en forspildt mulighed
Research22.07.2026, 07.00 by
Juha Kinnunen

Fortum Q2'26: Kvartalet var delvist en forspildt mulighed

I 2. kvartal tyngede produktionsudfordringer og en lavere optimeringspræmie end forventet Fortums resultat, som var svagt i forhold til omstændighederne. Udsigterne var stort set forventede, men et datacentre-boom er stadig ikke synligt i de nordiske el-futures.

Fortum
Fortum, Webcast, Q2'26
Webcast21.07.2026, 10.00

Fortum, Webcast, Q2'26

Fortum
Regulatory press release21.07.2026, 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 preview: Estimatet tynger før Q2-regnskabsmeddelelsen
Research17.07.2026, 07.00 by
Juha Kinnunen

Fortum Q2'26 preview: Estimatet tynger før Q2-regnskabsmeddelelsen

På grund af lave vandstande vurderer vi, at vandkraftproduktionen forblev moderat i 2. kvartal, og der er fortsat udfordringer med atomkraftproduktionen.

Fortum
Fortum køber norske Elmera for cirka 450 MEUR
Analyst Comment29.06.2026, 08.00 by
Atte Riikola

Fortum køber norske Elmera for cirka 450 MEUR

Elmera er en norsk el-forhandler.

Fortum
Regulatory press release29.06.2026, 07.00

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

Fortum
Press release17.06.2026, 13.00

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

Fortum
Regulatory press release15.06.2026, 15.50

Fortum Shareholders' Nomination Board 2026-2027

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Tiina Tuomela

Fortum
Regulatory press release05.05.2026, 16.00

Fortum Corporation: Managers' transactions - Nebahat Albayrak

Fortum