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An announcement from Hydro One ( (TSE:H) ) is now available.
Hydro One has released its 2024 Sustainability Report, highlighting its strategic alignment with sustainability to support growth and meet the increasing energy needs of Ontarians. Key achievements include converting 44% of sedans and SUVs to EVs or hybrids, exceeding Indigenous business spending goals, establishing pollinator habitats, and securing the Wawa Timmins Power Line project with First Nations support. The report underscores Hydro One’s commitment to sustainable development and its role in fostering a robust energy infrastructure in Ontario.
The most recent analyst rating on (TSE:H) stock is a Hold with a C$44.00 price target. To see the full list of analyst forecasts on Hydro One stock, see the TSE:H Stock Forecast page.
Spark’s Take on TSE:H Stock
According to Spark, TipRanks’ AI Analyst, TSE:H is a Outperform.
Hydro One demonstrates solid financial performance with consistent revenue growth and strong operational cash flows, despite some challenges with EBIT margins and free cash flow. Technical analysis shows moderate positive momentum, while the valuation indicates potential overvaluation. The earnings call provided confidence with positive guidance, although risks from storm costs and tariffs remain. Overall, the stock presents a stable investment with growth potential, though investors should remain cautious of valuation concerns.
To see Spark’s full report on TSE:H stock, click here.
More about Hydro One
Hydro One Limited is Ontario’s largest electricity transmission and distribution provider, serving 1.5 million customers with $36.7 billion in assets and $8.5 billion in annual revenues as of 2024. The company employs 10,100 individuals and is committed to community investment, sustainability, and diversity initiatives. Hydro One is publicly traded on the TSX and has medium-term notes listed on the NYSE.
Average Trading Volume: 1,170,244
Technical Sentiment Signal: Buy
Current Market Cap: C$29.26B
For a thorough assessment of H stock, go to TipRanks’ Stock Analysis page.