Fortis has delivered mostly positive earnings results — three beats out of the last four quarters — with constructive technical momentum, but free cash flow is negative, the dividend yield is flagged as potentially unsafe, and the stock has already risen above its near-term technical resistance target with an unfavorable risk/reward.
Thesis pillars
- Earnings Mostly On Track→Stable
- Negative Free Cash Flow→Stable
- Dividend Sustainability Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
Fortis Inc. (FTS) Stock Analysis
Utilities · Utilities - Regulated Electric
Hold if already holding. Not a fresh buy at $53.01, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6).
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson... Read more
Hold if already holding. Not a fresh buy at $53.01, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 4.6/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 38d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-09-25Recent Developments — Fortis Inc.
Latest news
- NEWS Fortis Inc. Announces Third Quarter Dividends - 2026 - The Manila Times — The Manila Times positive
- NEWS Fortis Inc (FTS) Valuation: PE, PB & Fair Value Analysis - TradingKey — TradingKey neutral
- NEWS Fortis Inc (FTS) Technical Analysis: Support, Resistance, Indicators & Moving Averages - TradingKey — TradingKey neutral
- NEWS Fortis (TSX:FTS) Strengthens Defensive Position Across Utility Markets - Kalkine Media — Kalkine Media positive
- NEWS Fortis Inc (FTS) Earnings Forecast: Future EPS & Revenue Growth Estimates - TradingKey — TradingKey neutral
Generated 2026-09-25T23:46:58Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $53.01, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6). Chart setup: No clear chart pattern; technical signals are mixed. Multiple concerning factors. Consider reducing position. | News modifier +1 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $54.83 (+3.4%), stop $51.61 (−2.7%), A.R:R -2.4:1. Score 4.6/10, moderate confidence.
Take-profit target: $54.83 (-11.8% upside). Target $54.83 (+3.4%), stop $51.61 (−2.7%), A.R:R -2.4:1. Stop-loss: $51.61.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6); Leverage penalty (D/E 1.3): -0.5.
Fortis Inc. trades at a P/E of 21.9 (forward 19.2). TrendMatrix value score: 5.8/10. Verdict: Hold.
19 analysts cover FTS with a consensus score of 3.4/5. Average price target: $55.
What does Fortis Inc. do?Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries....
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.