|Bid||3.4305 x 100000|
|Ask||3.3735 x 700000|
|Day's Range||3.3605 - 3.4700|
|52 Week Range||1.2550 - 5.1550|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||2.61|
|Earnings Date||Aug 22, 2022 - Aug 26, 2022|
|Forward Dividend & Yield||0.24 (8.32%)|
|Ex-Dividend Date||Jun 09, 2022|
|1y Target Est||6.32|
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(Bloomberg) -- Finland is prepared to give Fortum Oyj time to sell its Russian power plants and follow other western energy companies out of Russia.Most Read from BloombergAmericans Are Building Vacation-Home Empires With Easy-Money LoansChina Alarms US With Private Warnings to Avoid Taiwan StraitVolatility Grips Stocks as Treasury Yields Surge: Markets WrapBiden’s ‘Never Been More Optimistic’ Despite Troubled US EconomyStocks’ Pandemic Bull Run Ends With Recession Fear: Markets WrapThe departur
Russian utility Inter RAO said on Friday that pan-European exchange Nord Pool has sent a notification that it will stop trade operations for its subsidiaries from Sunday due to risks of failure to pay for power supplies from Russia. Inter RAO, Russia's sole exporter of power, has stopped exporting power to Finland from last week "for the time being" as it had not been paid for power sold via Nord Pool since May 6.
Russia had cut all its exports of electricity to Finland on Monday, flow data showed, after Russian utility Inter RAO said last week it would halt them because it had not been paid. Inter RAO said on Friday it would stop exporting power to Finland from Saturday 1 a.m. local time (2200 GMT on Friday) "for the time being" as it had not been paid for power sold via pan-European exchange Nord Pool since May 6. Finnish grid operator Fingrid, which said Moscow supplied about 10% of Finland's needs, said it could replace Russian supplies with Swedish power and by boosting domestic production.