Fortum Oyj (FOJCY)
Fortum Oyj operates in the Renewable Utilities industry of the Utilities sector, headquartered in Espoo, UU, FI. The stock last traded at $4.60, up 3.37% on the session, giving a market capitalisation of $103.19B. On trailing twelve-month figures it carries a trailing P/E of 21.93, a net margin of 15.1%. Its beta of 0.08 implies it has historically moved less than the broad market.
Fortum Oyj, along with its subsidiaries, specializes in the production and distribution of electricity and thermal energy across the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and other global markets. Its Generation division harnesses various sources like nuclear, hydro, wind, and thermal power, offering services such as power portfolio optimization, energy trading, industrial intelligence, and nuclear services. The City Solutions segment focuses on developing innovative urban solutions for heating, cooling, waste-to-energy conversion, biomass energy, other circular economy initiatives, and solar power generation. Fortum's Consumer Solutions arm manages electricity and gas retail operations, encompassing invoicing, customer support, sales of electricity and complementary products, and digital services for around 2.4 million clients. The Russia segment is primarily concerned with generating and selling both power and heat. Additionally, the company's Uniper segment is active in power generation, energy trading, and optimization activities. Fortum Oyj was founded in 1998 and is headquartered in Espoo, Finland.
Fortum Oyj is most often compared with the following Utilities names: