Fortum slips as lack of data centre announcement weighs

Fortum Oyj

25/11/2025 08:21

** Shares in Fortum FORTUM.HE fall 5% after the Finnish utility posted its new long-term targets ahead of its CMD

** Fortum says it expects its comparable operating profit to improve to 1.26 billion euros ($1.45 billion) by 2030, which J.P.Morgan says is 6% above the Bloomberg consensus

** However, the broker notes that the lack of any data centre announcement would hurt shares

** "We note that the shares have materially rerated since the announcement of the CMD (14% Vs SX6P 9%) in anticipation of a potential partnership with data centers", JPM says

** Fortum shares set for worst day since April, fall to the bottom of STOXX 600 .STOXX

($1 = 0.8676 euros)

($1 = 0.8680 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))