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Fortis ( (TSE:FTS) ) has shared an update.
In a recent announcement, Fortis Inc. disclosed its issuance of several senior unsecured notes over the past years, indicating a strategic move to secure financing for future growth. The latest issuance, dated November 8, 2023, involves CAD 500 million in notes due 2033, showcasing Fortis’s ongoing efforts to strengthen its financial position. These actions could potentially enhance the company’s operational capabilities and market competitiveness, benefiting stakeholders by ensuring stable and sustainable growth.
More about Fortis
Fortis Inc. operates within the utility industry, primarily focusing on electricity and gas distribution. The company is headquartered in St. John’s, Newfoundland and Labrador, Canada, and is known for its extensive network of utilities serving customers across Canada, the United States, and the Caribbean.
YTD Price Performance: 5.29%
Average Trading Volume: 556,954
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $21.67B
For a thorough assessment of FTS stock, go to TipRanks’ Stock Analysis page.
