Behind The Billions: Fortis' Ambitious Vision For 2029
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Fortis Inc., a Canadian utility company, is expanding into clean energy with a CA$26 billion capital plan, focusing on regulated assets. The company shows growth in revenue and net earnings, driven by rate-based expansion and new customer rates, particularly in the U.S. Fortis has a strong dividend history with 51 consecutive years of increases and plans for 4-6% annual growth through 2029.
December 05, 2024 | 12:45 am
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Fortis Inc. is expanding into clean energy with a CA$26 billion capital plan, focusing on regulated assets. The company shows growth in revenue and net earnings, driven by rate-based expansion and new customer rates, particularly in the U.S. Fortis has a strong dividend history with 51 consecutive years of increases and plans for 4-6% annual growth through 2029.
Fortis' significant investment in clean energy and focus on regulated assets is likely to drive revenue and earnings growth. The company's strong dividend history and planned growth further support a positive outlook for its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100