ASX:FMGMetals and Mining
How Investors May Respond To Fortescue (ASX:FMG) Downgrades Amid Green Hydrogen Push And Softer Profits
In recent weeks, Fortescue reported several small capital structure adjustments, including the conversion of unquoted options, issuance and lapse of performance rights, alongside record iron ore shipments and lower annual profit and revenue amid softer hematite prices.
At the same time, multiple major brokers downgraded their views on Fortescue on concerns about iron ore price sustainability and the company’s valuation, even as it continues to invest heavily in green hydrogen and other...