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Hydro One ( (TSE:H) ) has issued an announcement.
Hydro One Limited announced that its President and CEO, David Lebeter, will take a temporary compassionate care leave, and Harry Taylor has been appointed as Interim President and CEO. Taylor, who joined Hydro One in 2024, will continue his role as EVP, Chief Financial and Regulatory Officer. Additionally, Michael W. Rencheck has been appointed to the Board of Directors, bringing over four decades of experience in the energy industry. These leadership changes are expected to maintain the company’s operational stability and strategic growth during Lebeter’s absence.
The most recent analyst rating on (TSE:H) stock is a Hold with a C$44.00 price target. To see the full list of analyst forecasts on Hydro One stock, see the TSE:H Stock Forecast page.
Spark’s Take on TSE:H Stock
According to Spark, TipRanks’ AI Analyst, TSE:H is a Outperform.
Hydro One’s overall score reflects robust financial health with consistent revenue growth and sound profitability. The positive impact of recent corporate events and strong earnings guidance supports the score. However, valuation concerns and technical indicators suggest cautious optimism. The company’s ability to manage capital expenditures and regulatory challenges will be key to sustaining its performance.
To see Spark’s full report on TSE:H stock, click here.
More about Hydro One
Hydro One Limited is Ontario’s largest electricity transmission and distribution provider, serving 1.5 million customers with assets totaling $36.7 billion as of the end of 2024. The company reported annual revenues of $8.5 billion in 2024 and employs 10,100 individuals. Hydro One is committed to community investment, sustainability, and diversity initiatives, and its common shares are listed on the TSX.
Average Trading Volume: 1,004,675
Technical Sentiment Signal: Buy
Current Market Cap: C$30.25B
Learn more about H stock on TipRanks’ Stock Analysis page.