Yes, there was a change of analyst for Fortum. I have previously followed the company myself early in my career at Nordea in 2019–21 as an assistant, so I don’t have to build the expertise completely from scratch.
It’s nice to return to following the company now that the market is at an interesting stage. Fortum has already been for a couple of decades such a “buy under 20 euros, sell over 20 euros” stock. Remains to be seen if the data center game will permanently change this dynamic. It depends a lot on at what price new balancing power can be built for the expensive winter period.