Fortis Renews Equity Program for Financial Flexibility

Fortis (TSE:FTS) has released an update.

Fortis Inc. has announced the renewal of its at-the-market equity program, which allows the company to issue up to C$500 million in common shares through major stock exchanges like the TSX and NYSE. This move provides Fortis with added financial flexibility to support its capital initiatives and general corporate purposes. The program will remain effective until January 2027, offering investors opportunities to buy shares at prevailing market prices.

For further insights into TSE:FTS stock, check out TipRanks’ Stock Analysis page.