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Hydro One ( (TSE:H) ) has provided an announcement.
Hydro One Inc., a subsidiary of Hydro One Limited, has announced the pricing of a $1.1 billion offering of Medium Term Notes under its Sustainable Financing Framework. The proceeds from this issuance will be allocated to finance or refinance eligible green projects, although it is not a default event if the allocation does not occur. This move underscores Hydro One’s commitment to sustainable investment, potentially enhancing its industry positioning and offering implications for stakeholders interested in green energy initiatives.
The most recent analyst rating on (TSE:H) stock is a Buy with a C$56.00 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 strong financial performance and positive technical indicators are the primary drivers of its score. The earnings call provided additional confidence with growth in revenue and EPS, despite some cost challenges. The valuation suggests moderate overvaluation, but the dividend yield offers some compensation.
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. The company has $36.7 billion in assets and reported annual revenues of $8.5 billion in 2024.
Average Trading Volume: 998,601
Technical Sentiment Signal: Buy
Current Market Cap: C$30.46B
Learn more about H stock on TipRanks’ Stock Analysis page.