
Fortis (FTS) Stock Forecast & Price Target
Fortis (FTS) Analyst Ratings
Bulls say
Fortis has a robust growth outlook, supported by a substantial capital expenditure plan of $26.0 billion, which aims to increase its rate base from $39.0 billion in 2024 to $53.0 billion by 2029, translating to a compound annual growth rate (CAGR) of 6.5%. This rate base growth is expected to underpin future cash flows, facilitating the company's commitment to growing dividends at a rate of 4–6% through 2029. The strength of Fortis's utility transmission and distribution operations, alongside its strategic investments, positions the company favorably for sustained financial performance in the coming years.
Bears say
Fortis has revised its earnings per share (EPS) estimate for 2025 downward to $3.49, a decrease from the previous estimate of $3.53, primarily due to weaker-than-expected results from its subsidiary UNS Energy, which faced lower margins on wholesale sales and higher operating costs. Additionally, the company encountered challenges related to unfavorable foreign exchange assumptions and operational cost timing at FortisAlberta, which further impacted the financial outlook. While some offsetting performance was noted at Central Hudson, the overall trend suggests increasing financial pressures and less favorable market conditions for Fortis.
This aggregate rating is based on analysts' research of Fortis and is not a guaranteed prediction by Public.com or investment advice.
Fortis (FTS) Analyst Forecast & Price Prediction
Start investing in Fortis (FTS)
Order type
Buy in
Order amount
Est. shares
0 shares