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Fortum Oyj (FOJCF)

17.07

0.00

(0.00%)

At close: June 12 at 8:00:00 PM EDT

Rosatom suing Finnish companies for $2.8bn over terminated nuclear plant contract

The lawsuit, filed in Moscow, cites "unlawful termination" of the construction contract and related agreements.

Power Technology last month

FORTUM.HE
Hexa Climate Solutions acquires Fortum’s Indian renewables portfolio

The deals includes a 100% stake in Fortum India, its 206MW C&I renewable energy portfolio and 600MW of ready-to-build renewable projects.

Power Technology last month

FORTUM.HE
Fortum Oyj (FOJCF) Q1 2025 Earnings Call Highlights: Strong Financial Position Amid Market ...

Fortum Oyj (FOJCF) reports robust financial metrics and strategic growth initiatives despite challenges in power generation and geopolitical uncertainties.

GuruFocus.com last month

FORTUM.HE
Hexa Climate buys Fortum's India renewables assets; to invest $500 million

(Reuters) -Hexa Climate Solutions, backed by private equity firm I Squared Capital, has acquired Finland-based Fortum's Indian renewables portfolio and plans to invest $500 million to expand its clean energy projects. The deal includes a 100% stake in state-owned Fortum's India unit, a 206 MW commercial and industrial renewables portfolio, a 600 MW pipeline of ready-to-build projects, and Fortum's 40-member India team, Hexa said on Tuesday.

Reuters last month

FORTUM.HE
Fortum shelves nuclear plans to focus on renewables and plant upgrades

Nordic power demand will be met by wind, solar, storage and extended nuclear operations.

Power Technology 2 months ago

FORTUM.HE
Nordics' efficient energy infrastructure ideal for Microsoft's data centre expansion

Microsoft is shifting its data centre strategy to be driven by power availability rather than user demand or creating supply, and sees the Nordic region as a prime location for emission-free capacity to sustain artificial intelligence, its director in charge of AI Infrastructure said on Friday. Microsoft, which operates some 300 data centres globally and is investing about $80 billion more in them by the end of June, has a goal to become carbon negative by 2030, meaning it needs to find emission-free renewable power to be able to sustain the AI-driven expansion of its cloud-based data storage and usage.

Reuters 3 months ago

MSFT

FORTUM.HE
Fortum Oyj (FOJCF) Q4 2024 Earnings Call Highlights: Strong Divestment Gains and Special ...

Fortum Oyj (FOJCF) reports a robust financial position with a special dividend proposal, despite facing lower power prices and nuclear availability issues.

GuruFocus.com 3 months ago

FORTUM.HE
Fortum Oyj (FOJCY) Enhances Operational Efficiency with AI in Nuclear Engineering and Heat Demand Prediction

We recently compiled a list of the Morgan Stanley’s 15 Best European AI Stocks. In this article, we are going to take a look at where Fortum Oyj (OTC:FOJCY) stands against Morgan Stanley’s other European AI stocks. In August last year, investment bank Morgan Stanley released an investor note highlighting that even though the chaos around […]

Insider Monkey 4 months ago

FORTUM.HE

MS-PQ
Fortum Oyj (FOJCF) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ...

Fortum Oyj (FOJCF) demonstrates resilience amid market volatility, focusing on nuclear expansion, sustainable projects, and maintaining a strong financial position.

GuruFocus.com 7 months ago

FORTUM.HE
Vestas and Fortum resolve arbitration dispute over Russian wind projects

Fortum's claims pertained to wind energy agreements signed before the invasion of Ukraine in February 2022.

Power Technology 7 months ago

FORTUM.HE

VWS.CO
Fortum’s energy assets targeted with daily cyberattacks

Utilities experienced more cyberattacks in the first quarter of 2024 (Q1 2024) than in any other quarterly period in the past four years.

Power Technology 7 months ago

FORTUM.HE

GLDAF
Exclusive-Finnish utility Fortum reports pick up in cyberattacks and surveillance

HELSINKI (Reuters) -Nordic utility Fortum faces cyberattacks on a daily basis in Finland and Sweden and has sometimes spotted drones and suspicious individuals near its sites, its CEO told Reuters, adding the company had asked the authorities to investigate. Security services in Finland and Sweden declined to comment on specific incidents, but both have alleged a pick up in malicious activities by Russia in recent years. Russia's foreign ministry or embassy in Helsinki did not immediately reply to a written request for comment.

Reuters 7 months ago

FORTUM.HE
Fortum Oyj (FOJCF) Q2 2024 Earnings Call Highlights: Resilience Amid Market Challenges

Fortum Oyj (FOJCF) navigates a volatile market with strategic divestments and strong financial positioning, despite a dip in operating profit.

GuruFocus.com 7 months ago

FORTUM.HE
Fortum to sell its stakes in biobased solutions businesses in India

Fortum said on Monday it had agreed to sell its 37.4% stake in Finnish biorefining technology firm Chempolis, including Fortum's biobased solutions businesses, and its stake in the firm that owns 40.3% of Assam Bio Ethanol in India. The Finnish energy group said in a statement the buyer is India's AM Green Technology & Solutions. Fortum said the divestment is a part of its strategic review and would not have a material impact on its result.

Reuters 8 months ago

FORTUM.HE
Westinghouse and Hyundai to explore NPPs in Sweden and Finland

The partnership will focus on the deployment of Westinghouse's AP1000 reactor technology.

Power Technology 8 months ago

^YH310

FORTUM.HE
Fortum Oyj (FOJCY): Morgan Stanley is Bullish on This European AI Stock Now

We recently compiled a list of the 15 Best European AI Stocks According to Morgan Stanley. In this article, we are going to take a look at where Fortum Oyj (OTC:FOJCY) stands against the other European AI stocks approved by Morgan Stanley. There are several ways that investors are approaching the artificial intelligence (AI) boom that […]

Insider Monkey 9 months ago

FORTUM.HE
Fortum beats expectations, shares climb

Investing.com -- Fortum (HE:FORTUM) shares were up on Thursday after it posted its earnings report for the first half of 2024, surpassing market expectations.

Investing.com 9 months ago

FORTUM.HE

Performance Overview

Return	FOJCF	OMX Helsinki_PI (^OMXHPI)
YTD	+19.37%	--
1-Year	+14.81%	--
3-Year	+10.79%	--

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Fortum Oyj (FOJCF)

Rosatom suing Finnish companies for $2.8bn over terminated nuclear plant contract

Hexa Climate Solutions acquires Fortum’s Indian renewables portfolio

Fortum Oyj (FOJCF) Q1 2025 Earnings Call Highlights: Strong Financial Position Amid Market ...

Hexa Climate buys Fortum's India renewables assets; to invest $500 million

Fortum shelves nuclear plans to focus on renewables and plant upgrades

Nordics' efficient energy infrastructure ideal for Microsoft's data centre expansion

Fortum Oyj (FOJCF) Q4 2024 Earnings Call Highlights: Strong Divestment Gains and Special ...

Fortum Oyj (FOJCY) Enhances Operational Efficiency with AI in Nuclear Engineering and Heat Demand Prediction

Fortum Oyj (FOJCF) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ...

Vestas and Fortum resolve arbitration dispute over Russian wind projects

Fortum’s energy assets targeted with daily cyberattacks

Exclusive-Finnish utility Fortum reports pick up in cyberattacks and surveillance

Fortum Oyj (FOJCF) Q2 2024 Earnings Call Highlights: Resilience Amid Market Challenges

Fortum to sell its stakes in biobased solutions businesses in India

Westinghouse and Hyundai to explore NPPs in Sweden and Finland

Fortum Oyj (FOJCY): Morgan Stanley is Bullish on This European AI Stock Now

Fortum beats expectations, shares climb

Performance Overview