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The latest announcement is out from Fortis ( (TSE:FTS) ).
Fortis Inc. has announced the pricing of a $750 million private placement offering of fixed-to-fixed rate subordinated notes due in 2055, with a 5.100% interest rate. The proceeds from this offering are intended to reduce borrowings under the company’s revolving corporate credit facility and support general corporate purposes, potentially strengthening Fortis’ financial position and operational flexibility.
The most recent analyst rating on (TSE:FTS) stock is a Buy with a C$79.00 price target. To see the full list of analyst forecasts on Fortis stock, see the TSE:FTS Stock Forecast page.
Spark’s Take on TSE:FTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTS is a Outperform.
Fortis’ strong financial performance and positive earnings call outlook are the most significant factors driving the score. The company’s strategic focus on sustainability and capital investments supports long-term growth. However, high leverage and cash flow challenges pose risks. Technical indicators suggest the stock is overbought, which could lead to short-term volatility.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis is a diversified leader in the North American regulated electric and gas utility industry, boasting 2024 revenue of $12 billion and total assets of $73 billion as of June 30, 2025. The company employs 9,700 people and serves utility customers across five Canadian provinces, ten U.S. states, and the Caribbean.
Average Trading Volume: 1,336,085
Technical Sentiment Signal: Buy
Current Market Cap: C$34.42B
Learn more about FTS stock on TipRanks’ Stock Analysis page.