1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Fortum Oyj
  6. News
  7. Summary
    FORTUM   FI0009007132

FORTUM OYJ

(FORTUM)
  Report
Delayed Nasdaq Helsinki  -  05/18 11:29:32 am EDT
16.79 EUR   -2.47%
05/17Companies count the cost of ditching Russia
RE
05/17FORTUM CORPORATION : Managers' transactions - Bernhard Günther
AQ
05/17FORTUM CORPORATION : Managers' transactions - Merina Eveliina Dahl
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Fortum in Russian Wind Power Cooperation With Bank GPB

01/18/2022 | 03:32am EDT

By Dominic Chopping


Finnish state-controlled utility company Fortum Oyj said Tuesday that it is starting a wind power generation cooperation in Russia with Bank GPB, a subsidiary of Gazprombank.

As part of the deal, a 1.3 gigawatt portfolio of wind projects is being transferred from Fortum's wind investment fund joint venture with Rusnano OJSC to a joint venture recently established with Bank GPB.

Upon the transfer, the Fortum-Rusnano wind investment fund joint venture will be dissolved, it added.

Fortum said it holds the investment fund's most recently awarded 1.4 gigawatts of wind capacity for new wind power generation to be commissioned during the years 2025-2027 and that it will continue to assess cooperation with Rusnano for joint future development of this project portfolio.

Fortum holds a portfolio of around 3.4 gigawatts of wind and solar power parks and development projects in Russia, either stand alone or together with its joint ventures with Bank GPB and Russia's sovereign wealth fund, The Russian Direct Investment Fund.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

01-18-22 0332ET

Stocks mentioned in the article
ChangeLast1st jan.
FORTUM OYJ -2.47% 16.785 Delayed Quote.-36.24%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.00% 63.5 Delayed Quote.-14.26%
WTI 1.95% 110.22 Delayed Quote.51.27%
All news about FORTUM OYJ
05/17Companies count the cost of ditching Russia
RE
05/17FORTUM CORPORATION : Managers' transactions - Bernhard Günther
AQ
05/17FORTUM CORPORATION : Managers' transactions - Merina Eveliina Dahl
AQ
05/17FORTUM CORPORATION : Managers' transactions - Mikael Rönnblad
AQ
05/17FORTUM CORPORATION : Managers' transactions - Markus Rauramo
AQ
05/17FORTUM CORPORATION : Managers' transactions - Nebahat Albayrak
AQ
05/17FORTUM CORPORATION : Managers' transactions - Nora Steiner-Forsberg
AQ
05/17FORTUM CORPORATION : Managers' transactions - Per Langer
AQ
05/17FORTUM CORPORATION : Managers' transactions - Simon-Erik Ollus
AQ
05/16S&P Global Cuts Uniper's Ratings Amid Volatile Gas Prices, Pressure On Operating Margin..
MT
More news
Analyst Recommendations on FORTUM OYJ
More recommendations
Financials
Sales 2022 107 B 112 B 112 B
Net income 2022 790 M 829 M 829 M
Net Debt 2022 6 024 M 6 321 M 6 321 M
P/E ratio 2022 9,86x
Yield 2022 6,86%
Capitalization 14 910 M 15 647 M 15 647 M
EV / Sales 2022 0,20x
EV / Sales 2023 0,24x
Nbr of Employees 19 260
Free-Float 47,4%
Chart FORTUM OYJ
Duration : Period :
Fortum Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FORTUM OYJ
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 16,79 €
Average target price 21,92 €
Spread / Average Target 30,6%
EPS Revisions
Managers and Directors
Markus Heikki Erdem Rauramo President & Chief Executive Officer
Bernhard GŘnther Chief Financial Officer
Veli-Matti Reinikkala Chairman
Anja McAlister Deputy Chairman
Essimari Kairisto Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FORTUM OYJ-36.24%16 102
NEXTERA ENERGY-23.95%141 483
DUKE ENERGY CORPORATION4.24%84 189
SOUTHERN COMPANY8.12%78 786
IBERDROLA, S.A.4.56%72 213
DOMINION ENERGY, INC.5.22%68 425