HLSE:FORTUMElectric Utilities
Fortum Oyj (HLSE:FORTUM) Could Be 18% Overvalued As Google Deal Reshapes Its Outlook
Fortum Oyj (HLSE:FORTUM) just reshaped its long term power story with Google in Finland, signing a multi decade power purchase agreement tied to the Loviisa nuclear plant through 2050.
Investors have already been leaning into the Fortum Oyj story, with the share price at €24.54 and a 30 day share price return of 23.35% feeding into a 32.65% year to date gain. Meanwhile, the 1 year total shareholder return of 67.93% and 3 year total shareholder return of 168.62% point to momentum that the new...