- Fortum has published new climate and financial performance targets in a strategy update.
- It has also identified 'cooperation benefits' with subsidiary Uniper but was sparse on details.
- As expected, Uniper will be shedding coal assets. The focus of this article is its now dominant gas business.
- Fortum, with a controlling stake in Uniper, will be affected by the performance of this remaining portfolio of fossil fuels.
- Existing weakness in gas and uncertainty about its long-term prospects are weighing down the stock.
For further details see:
Fortum: Strategy Update And Considerations About Gas