Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Fortis ( (TSE:FTS) ) has issued an update.
Fortis Inc. has successfully closed a private placement offering of $750 million in fixed-to-fixed rate subordinated notes, due December 4, 2055, with a 5.100% interest rate. This strategic financial move, facilitated by a syndicate of agents, strengthens Fortis’ capital structure, potentially enhancing its market position and operational capabilities in the utility sector.
The most recent analyst rating on (TSE:FTS) stock is a Buy with a C$79.00 price target. To see the full list of analyst forecasts on Fortis stock, see the TSE:FTS Stock Forecast page.
Spark’s Take on TSE:FTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTS is a Outperform.
Fortis’ strong financial performance and positive earnings call outlook are the most significant factors driving the score. The company’s strategic focus on sustainability and capital investments supports long-term growth. However, high leverage and cash flow challenges pose risks. Technical indicators suggest the stock is overbought, which could lead to short-term volatility.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis is a diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $73 billion as of June 30, 2025. The company serves utility customers across five Canadian provinces, ten U.S. states, and the Caribbean, employing 9,700 people. Fortis is listed on the Toronto Stock Exchange under the symbol FTS.
Average Trading Volume: 1,338,941
Technical Sentiment Signal: Buy
Current Market Cap: C$34.38B
Find detailed analytics on FTS stock on TipRanks’ Stock Analysis page.