UBS lifts Fortum to 'neutral' on power prices, data centre upside
02/10/2026 10:46
BUZZ-UBS lifts Fortum to 'neutral' on power prices, data centre upside ** UBS raises Fortum FORTUM.HE to "neutral" from "sell", citing higher Nordic power prices and growing confidence in the Finnish utility's data centre opportunity
** Fortum in September signed a 22-year power purchase agreement (PPA) with Alphabet's Google GOOGL.O
** UBS says the signed PPA and higher power prices drive a 45% increase in its 2030 EPS estimate, resulting in positive earnings momentum
** Among 21 analysts covering the stock, three rate it "strong buy" or "buy", 11 "hold" and seven "strong sell" or "sell"
(Reporting by Elviira Luoma)
((elviira.luoma@thomsonreuters.com; +48 58 769 66 46;))
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UBS lifts Fortum to 'neutral' on power prices, data centre upside