-- Inderes on Thursday downgraded Nordic energy company Fortum (FORTUM.HE) to reduce from accumulate and increased the price target to 21.00 euros from 20.00 euros.
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UK solar installations surged past 27,000 in March, pushing total capacity beyond 2 million systems and annual additions to 2.3 GW, the Department for Energy Security and Net Zero said Thursday.Households across Britain are increasingly adopting solar energy as the government accelerates efforts to cut reliance on volatile fossil fuel markets following geopolitical tensions, the department said.The UK recorded more than 27,000 solar installations in March 2026, marking the highest monthly deployment since 2012 and lifting total installed systems past the 2 million milestone, it added.Solar capacity expanded 11.7% over the year, adding 2.3 GW of domestic renewable generation and strengthening Britain's ability to produce electricity locally, the department said.The government continues to expand solar deployment across residential, educational, and community sectors to lower energy costs and support its clean power strategy, it said.Authorities have approved the Springwell Solar Farm, set to become the largest solar project in UK history, while also advancing plug-in solar panels for household use within months, the department added.The government is also mandating solar panel installation on new homes in England, aiming to scale distributed generation and reduce long-term energy expenses, it said.Solar output exceeded 15 GW for the first time on Britain's electricity grid this month, reflecting accelerating integration of renewables, according to National Energy System Operator data cited by the department.The government is expanding rooftop solar deployment through Great British Energy, supporting installations across 100 schools and colleges this year, the department said.The government is also allocating an additional 100 million euros ($117.3 million) to the Social Housing Fund, targeting up to 57,000 new solar installations for households during the current financial year, it added."This is our clean energy mission in action, helping families manage global energy shocks, cut bills and move Britain away from fossil fuels," Energy Secretary Ed Miliband said.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain ARX at Hold and increase the target price to CAD33, which is generated from a 5.2x EBITDA multiple applied to our FY 27 EBITDA projection and matches the announced Shell acquisition price. At this time we do not foresee any issues with closing and do not discount the deal price. We adjusted our EPS estimate for FY 26 to CAD3.10 from CAD2.48 and increase FY 27 to CAD2.93 from CAD2.75. Fundamentals in Q1 were strong, with production of 418,522 boe/day, up 12% Y/Y and 16% on a per share basis. FFO increased to CAD967M, or CAD1.70 per share, up 17% per share from Q1 2025, supported by higher volumes and strong natural gas pricing that realized CAD4.51/Mcf.
Vortex Energy (VRTX.CN) shares fell 12% after the company on Thursday said it is moving ahead with technical work at its Robinsons River salt project in Newfoundland.The company hired Lonquist Field Service (Canada) as the primary technical contractor for the work program.The upcoming work program will include the reinterpretation of existing gravity data, a review of previous drilling programs and the integration of all available geological, geophysical, and drilling datasets to develop a comprehensive subsurface model, it said.Shares of the company were last seen down $0.055 at $0.405 on the Canadian Securities Exchange.Price: $0.41, Change: $-0.06, Percent Change: -11.96%