Fortis Inc. (FTS) Stock Analysis
Breakout setup
Utilities · Utilities - Regulated Electric
Sell if holding. Analyst target reached at $56.91 — A.R:R is negative (-3.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (3.2% away).
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
Sell if holding. Analyst target reached at $56.91 — A.R:R is negative (-3.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (3.2% away). Chart setup: Golden cross, above all MAs, RSI 53, MACD bullish. Score 4.7/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 46d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-06-14Recent Developments — Fortis Inc.
Latest news
- NEWS Barclays Maintains Overweight on Fortis, Lowers Price Target to $61 — benzinga May 8, 2026 neutral
- NEWS Earnings Scheduled For May 6, 2026 — benzinga May 6, 2026 neutral
- NEWS Transcript: Fortis Q1 2026 Earnings Conference Call — benzinga May 6, 2026 neutral
- NEWS Fortis Q1 EPS $0.72 Beats $0.69 Estimate, Sales $2.481B Beat $2.440B Estimate — benzinga May 6, 2026 positive
- NEWS Barclays Initiates Coverage On Fortis with Overweight Rating, Announces Price Target of $62 — benzinga Apr 28, 2026 positive
Generated 2026-06-15T18:11:46Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals 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
Sell if holding. Analyst target reached at $56.91 — A.R:R is negative (-3.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (3.2% away). Chart setup: Golden cross, above all MAs, RSI 53, MACD bullish. Prior stop was $55.03. Score 4.7/10, moderate confidence.
Take-profit target: $55.97 (-1.7% upside). Prior stop was $55.03. Stop-loss: $55.03.
Analyst target reached - limited upside remaining; Near 52-week high (3.2% away); Leverage penalty (D/E 1.3): -0.5.
Fortis Inc. trades at a P/E of 23.4 (forward 20.1). TrendMatrix value score: 5.6/10. Verdict: Sell.
21 analysts cover FTS with a consensus score of 3.3/5. Average price target: $56.
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.