Fortis Inc (FTS) Stock AnalysisFTSFortis Inc

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. UNS Energy includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others. It operates in the Utilities sector (ELECTRIC SERVICES industry).

Fortis Inc is a good buy right now due to its strong recent performance and positive earnings outlook. The current price is $55.76, with a 5-day change of +4.60% and a 1-year change of +8.04%. Additionally, the company reported a Q2 2026 GAAP EPS of $0.78, exceeding expectations, and has a forward P/E ratio of 19.46, indicating reasonable valuation compared to growth potential. However, the main risk lies in the analyst downgrade from Wolfe Research, which set a lower price target of $50, suggesting potential downside.

1 analysts cover FTS: 1 rate it Buy, 0 Hold and 0 Sell. The average price target is 53.87.