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Fortum Oyj (FORTUM.HE)

13.14

+0.29

+(2.22%)

As of 2:15:02 PM GMT+3. Market Open.

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 19 days ago

FORTUM.HE
+2.22%
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 last month

MSFT

FORTUM.HE
+2.22%
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 last month

FORTUM.HE
+2.22%
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 2 months ago

FORTUM.HE
+2.22%
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 5 months ago

FORTUM.HE
+2.22%
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 5 months ago

FORTUM.HE
+2.22%
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 5 months ago

FORTUM.HE
+2.22%
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 6 months ago

FORTUM.HE
+2.22%
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 6 months ago

FORTUM.HE
+2.22%
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 6 months ago

FORTUM.HE
+2.22%
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 6 months ago

^YH310

FORTUM.HE
+2.22%
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 7 months ago

FORTUM.HE
+2.22%
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 7 months ago

FORTUM.HE
+2.22%
Upgrades Planned at Loviisa Nuclear Power Plant as Part of Life Extension

Fortum, a Nordic energy company with headquarters in Espoo, Finland, near Helsinki, and offices in 10 other countries, announced that it will modernize the Loviisa nuclear power plant’s low-pressure turbines. […]

POWER Magazine 10 months ago

FORTUM.HE
+2.22%
^YH310
Fortum and Helen inaugurate 380MW Pjelax wind farm in Finland

The Pjelax wind farm is set to produce more than 1 terawatt hour of clean energy annually.

Power Technology 10 months ago

FORTUM.HE
+2.22%
15 Countries that Produce the Most Biomass Energy in the World

In this article, we will look into the 15 countries that produce the most biomass energy in the world. If you want to skip our detailed analysis, you can go directly to the 5 Countries that Produce the Most Biomass Energy in the World. An Outlook of the Global Bioenergy Production According to the International […]

Insider Monkey 10 months ago

BW

FORTUM.HE
+2.22%
DRXGY

Performance Overview

Return	FORTUM.HE	OMX Helsinki_PI (^OMXHPI)
YTD	+0.55%	0.00%
1-Year	+14.96%	0.00%
3-Year	+5.93%	0.00%

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Fortum Oyj (FORTUM.HE)

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

Upgrades Planned at Loviisa Nuclear Power Plant as Part of Life Extension

Fortum and Helen inaugurate 380MW Pjelax wind farm in Finland

15 Countries that Produce the Most Biomass Energy in the World

Performance Overview