
Fortis (FTS) Stock Forecast & Price Target
Fortis (FTS) Analyst Ratings
Bulls say
Fortis owns and operates multiple utility subsidiaries, serving approximately 3.5 million customers, and anticipates significant financial growth driven by a $26.0 billion capital expenditure plan. The company projects its rate base to grow from $39.0 billion in 2024 to $53.0 billion by 2029, representing a compound annual growth rate (CAGR) of 6.5%. This positive rate base growth is expected to underpin future cash flows and support Fortis's target of increasing dividends by 4-6% through 2029.
Bears say
Fortis has revised its EPS estimate for 2025 down to $3.49 from $3.53, primarily reflecting weaker-than-expected results from subsidiaries such as UNS Energy and FortisAlberta due to lower wholesale sales margins and increased operational costs. These challenges are exacerbated by unfavorable market conditions and timing issues in cost recognition, which are not yet mirrored in customer rates. Although the 2026 forecast remains stable, the adjustments in 2025 metrics indicate underlying financial pressures that could impact the company's overall performance.
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
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