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Hydro One ( (TSE:H) ) has issued an update.
Hydro One Networks Inc. has received a decision from the Ontario Energy Board on its 2026 Annual Update application that denies recovery of approximately $223 million in costs tied to a major ice storm in March 2025. The storm inflicted widespread damage across Ontario, affecting more than 600,000 customers and requiring massive restoration efforts, including thousands of workers and repairs to over 6,000 poles and cross arms.
The company is now reviewing the ruling and considering its next steps, as the disallowed cost recovery could pressure its financials and cost management following significant storm-related investments. The decision underscores regulatory scrutiny over extraordinary event cost recovery in Ontario’s power sector and may influence how utilities plan for and respond to future extreme weather events.
The most recent analyst rating on (TSE:H) stock is a Buy with a C$66.00 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 H Stock
According to Spark, TipRanks’ AI Analyst, H is a Neutral.
The score is driven primarily by mixed financial quality: strong profitability and operating cash generation are offset by negative recent free cash flow and gradually rising leverage. Technicals are supportive with an established uptrend, but momentum indicators are stretched. Valuation is a headwind given the higher P/E and only moderate yield, while the latest earnings call was a net positive due to reaffirmed growth guidance and solid execution despite interest-rate and regulatory pressures.
To see Spark’s full report on 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 $39.7 billion in assets and $9 billion in 2025 revenues. The company operates extensive transmission and distribution networks, invests heavily in grid infrastructure, and is listed on the TSX, with some debt securities listed on the NYSE.
Average Trading Volume: 1,314,844
Technical Sentiment Signal: Buy
Current Market Cap: C$35.07B
For detailed information about H stock, go to TipRanks’ Stock Analysis page.