Fortum stock trades at EUR 22.93 ahead of quarterly results

Published on 10/15/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortum stock costs EUR 22.93 on October 15, 2026 at EUR 20.6 billion market value. Results follow October 28 after 91.61 percent Elmera acceptance.

Upcoming reports and takeover steps

Fortum received 91.61 percent acceptance for Elmera on October 2, 2026.
Berenberg maintained its rating and set a EUR 23.00 target on September 30, 2026.
Fortum stock trades at EUR 22.93 at 2:03 p.m. CEST at Lang & Schwarz on October 15, 2026.
Fortum will publish its January-September interim report on October 28, 2026.

Isometric 3D illustration cube showing energy cross-sections: hydro turbine, nuclear reactor, wind turbine, district heating pipes — Fortum FI0009007132 3D Wuerfel Wasserturbine Kernreaktor Windrad Fernwaermerohr isometrisch Energie Teal Technik, Illustration mit AI erstellt.

At EUR 22.93, Fortum (FI0009007132) stock was trading at Lang & Schwarz on October 15, 2026 at 2:03 p.m. CEST. The next report is scheduled for October 28, while Fortum's Elmera takeover remains the main recent corporate development.

Elmera deal reaches settlement stage

Fortum's offer for Elmera was priced at NOK 47 per share. On September 25, 2026, Fortum said acceptances had reached 90.02 percent, according to Fortum.

The offer period ended on October 2, 2026, with acceptances for 104,755,535 shares, or 91.61 percent of Elmera's issued share capital and voting rights. Fortum expected settlement on or about October 23, 2026 and said it intended to seek a compulsory acquisition and delisting after completion.

What do the targets imply?

Analyst views provide a measured valuation counterpoint. Investing.com lists UBS at a EUR 24.50 target after a EUR 14.60 target on October 2, 2026, while Berenberg maintained a EUR 23.00 target on September 30, 2026. The average 12-month target shown on the same page is EUR 22.58.

Three dated takeover milestones

On September 18, 2026, Fortum extended the Elmera offer period to October 2 at NOK 47 per share, according to Fortum. On September 25, acceptances reached 90.02 percent. On October 2, they reached 91.61 percent and settlement was expected on October 23, 2026.

Dates for the next reports

Fortum will publish its January-September 2026 Interim Report on October 28, 2026, at approximately 9:00 a.m. EET, with a webcast at 11:00 a.m. EET, according to Cision. The 2026 financial statements bulletin is scheduled for February 2, 2027.

Stock valuation before results

Fortum's market capitalization was EUR 20.6 billion on October 15, 2026. Its 52-week range was EUR 16.85 to EUR 25.84 as of October 14, 2026, placing the current euro indication below the yearly high while the company approaches its next reporting date.

Fortum stock was trading at EUR 22.93 at Lang & Schwarz on October 15, 2026 at 2:03 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Fortum stock.