Fortis Inc. to Renew At-The-Market Equity Program
Portfolio Pulse from
Fortis Inc. announced the renewal of its at-the-market equity program, allowing the issuance of up to C$500 million in common shares through the TSX, NYSE, or other marketplaces.
December 09, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Fortis Inc. is renewing its at-the-market equity program, allowing it to issue up to C$500 million in common shares. This could lead to increased liquidity and potential dilution of existing shares.
The renewal of the ATM program allows Fortis to issue a significant amount of shares, which can increase liquidity but also dilute existing shares. The impact on the stock price will depend on market conditions and investor perception of the use of proceeds.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100