Fortum Oyj (FOT.BE)
| Previous Close | 14.18 |
| Open | 14.10 |
| Bid | 14.46 x N/A |
| Ask | 14.49 x N/A |
| Day's Range | 14.10 - 14.10 |
| 52 Week Range | 10.24 - 14.63 |
| Volume | |
| Avg. Volume | 28 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
Finland's Fortum uses US nuclear fuel to cut Russia dependence
LOVIISA, Finland (Reuters) -Finnish utility Fortum said on Monday it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian supply. Fortum's Loviisa power plant in Finland has depended on nuclear fuel from TVEL, a subsidiary of Russian state-owned power company Rosatom, but Fortum began looking to replace the this in 2022 after Moscow's full-scale invasion of Ukraine. "The loading of the new fuel is a significant milestone that guarantees a reliable Western alternative for fuel," Fortum said in a statement, adding that the first Westinghouse fuel had been loaded during the power plant's annual outage in August.
- Insider Monkey
Fortum Oyj (FOJCY): Morgan Stanley is Bullish on This European AI Stock Now
We recently compiled a list of the 15 Best European AI Stocks According to Morgan Stanley. In this article, we are going to take a look at where Fortum Oyj (OTC:FOJCY) stands against the other European AI stocks approved by Morgan Stanley. There are several ways that investors are approaching the artificial intelligence (AI) boom that […]
- Reuters
Finland's Fortum says new nuclear not feasible at current prices
Fortum doesn't believe investing in new nuclear generation capacity is feasible at current low Nordic power prices, its chief executive said on Thursday, after the Finnish utility surprised markets with better than expected second quarter results. Fortum is among companies eyeing possible deals from the Swedish government's goal to build 2,500 MW of new nuclear power by 2035 - the equivalent of two new reactors - and 10 new reactors a decade later to help tackle climate change. On Monday, a commission appointed by the Swedish government put a price tag of around 400 billion crowns ($38 billion) on the new nuclear plans and proposed a financing and risk sharing model, which would include state loans, a price hedging agreement and a mechanism to share risk and gains.
