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The latest announcement is out from Fortis ( (TSE:FTS) ).
Fortis Inc. reported strong financial results for the second quarter of 2025, with net earnings of $384 million, up from $331 million in the same period of 2024. This growth was driven by rate base growth, favorable exchange rates, and strategic investments such as the Eagle Mountain Pipeline project. The company is on track with its $5.2 billion annual capital plan, having invested $2.9 billion in the first half of 2025. Key projects include the Roadrunner Reserve 1 battery storage system and plans to convert coal-fired generation to natural gas at the Springerville Generating Station. These initiatives are expected to enhance energy reliability and support customer affordability without materially impacting the current five-year capital plan.
The most recent analyst rating on (TSE:FTS) stock is a Hold with a C$59.00 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’s overall stock score reflects strong financial performance and a positive earnings call outlook, supported by strategic investments and dividend growth commitment. The technical analysis indicates a neutral trend, while valuation shows attractiveness due to the dividend yield. Despite some challenges, Fortis’s strategic direction and regulatory successes underpin a favorable long-term outlook.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis Inc. is a well-diversified leader in the North American regulated electric and gas utility industry. The company focuses on providing electric and gas services and is involved in significant capital investments to support growth and infrastructure development.
Average Trading Volume: 1,474,476
Technical Sentiment Signal: Buy
Current Market Cap: C$34.01B
See more insights into FTS stock on TipRanks’ Stock Analysis page.