Electricity has been dirt cheap for a long time. It feels relaxed being a spot-priced electricity customer. I think there is reason to be concerned about Fortum’s Q4. Mild winds are blowing during the Christmas holidays (source: Pekka Pouta). I don’t think the stock price level will withstand any major disappointments, even if a couple of data centers were to be fired up. I’ll buy at the €15 level!
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