Fortis Inc. Stock
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Fortis Inc. Stock
Pros and Cons of Fortis Inc. in the next few years
Pros
Cons
Performance of Fortis Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Fortis Inc. | 1.890% | 2.256% | 1.444% | 16.339% | 9.756% | 21.712% | 28.963% |
| Emera Inc. | 0.270% | 0.380% | 0.921% | 12.660% | 7.615% | 16.124% | 18.388% |
| Ocean Power Technologies Inc. | -22.670% | -22.263% | -17.332% | -47.223% | -2.582% | -58.557% | -87.316% |
| Kyushu Electric Power Co Inc | 1.170% | -1.705% | -5.464% | 19.310% | -3.352% | - | - |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon an initial examination of the financial statements of Fortis, an electric utilities and IPPs company, it is evident that the company maintains a steady financial performance. Notably, there has been a consistent increase in total assets, net income, and total revenue over the past years. However, a thorough analysis reveals both the strengths and weaknesses of the company's financials, as discussed below.
Growing total assets: The company's total assets have grown from CAD 55.48 billion in 2020 to CAD 64.63 billion in Q1 2023. This growth demonstrates the company's ability to optimize its assets and indicates an overall increase in the value of its resources.
Increased net income: The net income of Fortis has displayed consistent growth from CAD 1.274 billion in 2020 to CAD 1.514 billion in 2022, with a quarterly net income of CAD 453 million in Q1 2023. This consistent increase indicates efficient financial performance and growth in profitability for the company.
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