← STP&I overview

STP&I vs Fortis: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

STP&I Public Company Limited (STPI.BK)

Q3 2026
▲3▼1

STPI pivots to data centers and clean energy, but earnings still weak

  • Q2 loss on Monsoon wind project STPI swung to a 22 million baht net loss in Q2 2026, from an 83 million baht profit a year earlier, after a 57 million baht loss from its Laos wind joint venture. Low winds meant revenue did not cover costs, showing the risk in its energy bets.

    This is the main reason STPI's earnings disappointed and weighs on the stock.

  • New construction contracts worth 383 million baht STPI signed four new projects worth 383 million baht, including oil and gas platform work and copper mine pipe fabrication. These contracts run into 2027 and support future revenue, easing worries about a slowdown in its core business.

    New orders show demand for STPI's services and support future earnings.

  • Broker backs data center and clean energy pivot Asia Plus Securities recommends Buy with a 7.55 baht target, saying STPI is shifting to data centers and clean energy. It sees strong Q3 profit from a 518 million baht asset sale, a 110MW data center starting construction in Q4, and hidden value in 937 rai of land.

    This analyst view highlights the new growth story and undervalued assets driving investor interest.

  • Invests 135 million baht in solar for data center STPI approved a 135 million baht investment for a 60% stake in Daisy Drive, which will build a 55MW solar plant and battery storage to power its data center. This locks in clean energy supply and moves the data center plan forward.

    This concrete step advances STPI's clean energy and data center strategy, supporting the growth story.

August 2026
▲3▼1

STPI pivots to data centers and clean energy, but earnings still weak

  • Q2 loss on Monsoon wind project STPI swung to a 22 million baht net loss in Q2 2026, from an 83 million baht profit a year earlier, after a 57 million baht loss from its Laos wind joint venture. Low winds meant revenue did not cover costs, showing the risk in its energy bets.

    This is the main reason STPI's earnings disappointed and weighs on the stock.

  • New construction contracts worth 383 million baht STPI signed four new projects worth 383 million baht, including oil and gas platform work and copper mine pipe fabrication. These contracts run into 2027 and support future revenue, easing worries about a slowdown in its core business.

    New orders show demand for STPI's services and support future earnings.

  • Broker backs data center and clean energy pivot Asia Plus Securities recommends Buy with a 7.55 baht target, saying STPI is shifting to data centers and clean energy. It sees strong Q3 profit from a 518 million baht asset sale, a 110MW data center starting construction in Q4, and hidden value in 937 rai of land.

    This analyst view highlights the new growth story and undervalued assets driving investor interest.

  • Invests 135 million baht in solar for data center STPI approved a 135 million baht investment for a 60% stake in Daisy Drive, which will build a 55MW solar plant and battery storage to power its data center. This locks in clean energy supply and moves the data center plan forward.

    This concrete step advances STPI's clean energy and data center strategy, supporting the growth story.

Latest
▲3▼1

STPI pivots to data centers and clean energy, but earnings still weak

  • Q2 loss on Monsoon wind project STPI swung to a 22 million baht net loss in Q2 2026, from an 83 million baht profit a year earlier, after a 57 million baht loss from its Laos wind joint venture. Low winds meant revenue did not cover costs, showing the risk in its energy bets.

    This is the main reason STPI's earnings disappointed and weighs on the stock.

  • New construction contracts worth 383 million baht STPI signed four new projects worth 383 million baht, including oil and gas platform work and copper mine pipe fabrication. These contracts run into 2027 and support future revenue, easing worries about a slowdown in its core business.

    New orders show demand for STPI's services and support future earnings.

  • Broker backs data center and clean energy pivot Asia Plus Securities recommends Buy with a 7.55 baht target, saying STPI is shifting to data centers and clean energy. It sees strong Q3 profit from a 518 million baht asset sale, a 110MW data center starting construction in Q4, and hidden value in 937 rai of land.

    This analyst view highlights the new growth story and undervalued assets driving investor interest.

  • Invests 135 million baht in solar for data center STPI approved a 135 million baht investment for a 60% stake in Daisy Drive, which will build a 55MW solar plant and battery storage to power its data center. This locks in clean energy supply and moves the data center plan forward.

    This concrete step advances STPI's clean energy and data center strategy, supporting the growth story.

Fortis Inc (FTS)

Q3 2026
▲3

Fortis Q2 profit rises, capital plan reaffirmed, US$1B notes priced

  • Q2 profit and revenue rise Fortis earned C$396 million (C$0.78 a share) in the second quarter, up from C$384 million, as revenue rose 4.1% to C$2.93 billion. Higher sales and rate base growth lift earnings, which supports the dividend and the stock.

    The quarter's profit growth is the core new financial result behind the period.

  • Big five-year building plan reaffirmed Fortis spent C$2.7 billion in the first half and stuck with its C$5.6 billion annual and roughly C$26-28.8 billion five-year construction plans. That spending grows the rate base about 7% a year, which is the main engine for future earnings and 4-6% dividend growth.

    The reaffirmed capital plan is the long-term driver of earnings and dividend growth.

  • Tilbury LNG expansion approved British Columbia approved the Tilbury LNG Phase 1B expansion, costing up to about C$2.2 billion, with construction starting 2027 and service by 2031. It is extra spending beyond the current plan, a new source of future earnings, though it also adds project and cost risk.

    The Tilbury approval is a concrete new growth project beyond the existing plan.

  • US$1 billion debt raised, and valuation debate Fortis priced US$1 billion of long-term notes at 6.6-6.9% interest to repay maturing debt. That adds fixed interest cost but locks in funding for its building program. Meanwhile one analysis claims the shares are 70% below fair value, while analyst estimates call them roughly fairly priced.

    The new borrowing and the split valuation views are the remaining fresh items this period.

August 2026
▲3

Fortis Q2 profit rises, capital plan reaffirmed, US$1B notes priced

  • Q2 profit and revenue rise Fortis earned C$396 million (C$0.78 a share) in the second quarter, up from C$384 million, as revenue rose 4.1% to C$2.93 billion. Higher sales and rate base growth lift earnings, which supports the dividend and the stock.

    The quarter's profit growth is the core new financial result behind the period.

  • Big five-year building plan reaffirmed Fortis spent C$2.7 billion in the first half and stuck with its C$5.6 billion annual and roughly C$26-28.8 billion five-year construction plans. That spending grows the rate base about 7% a year, which is the main engine for future earnings and 4-6% dividend growth.

    The reaffirmed capital plan is the long-term driver of earnings and dividend growth.

  • Tilbury LNG expansion approved British Columbia approved the Tilbury LNG Phase 1B expansion, costing up to about C$2.2 billion, with construction starting 2027 and service by 2031. It is extra spending beyond the current plan, a new source of future earnings, though it also adds project and cost risk.

    The Tilbury approval is a concrete new growth project beyond the existing plan.

  • US$1 billion debt raised, and valuation debate Fortis priced US$1 billion of long-term notes at 6.6-6.9% interest to repay maturing debt. That adds fixed interest cost but locks in funding for its building program. Meanwhile one analysis claims the shares are 70% below fair value, while analyst estimates call them roughly fairly priced.

    The new borrowing and the split valuation views are the remaining fresh items this period.

Latest
▲3

Fortis Q2 profit rises, capital plan reaffirmed, US$1B notes priced

  • Q2 profit and revenue rise Fortis earned C$396 million (C$0.78 a share) in the second quarter, up from C$384 million, as revenue rose 4.1% to C$2.93 billion. Higher sales and rate base growth lift earnings, which supports the dividend and the stock.

    The quarter's profit growth is the core new financial result behind the period.

  • Big five-year building plan reaffirmed Fortis spent C$2.7 billion in the first half and stuck with its C$5.6 billion annual and roughly C$26-28.8 billion five-year construction plans. That spending grows the rate base about 7% a year, which is the main engine for future earnings and 4-6% dividend growth.

    The reaffirmed capital plan is the long-term driver of earnings and dividend growth.

  • Tilbury LNG expansion approved British Columbia approved the Tilbury LNG Phase 1B expansion, costing up to about C$2.2 billion, with construction starting 2027 and service by 2031. It is extra spending beyond the current plan, a new source of future earnings, though it also adds project and cost risk.

    The Tilbury approval is a concrete new growth project beyond the existing plan.

  • US$1 billion debt raised, and valuation debate Fortis priced US$1 billion of long-term notes at 6.6-6.9% interest to repay maturing debt. That adds fixed interest cost but locks in funding for its building program. Meanwhile one analysis claims the shares are 70% below fair value, while analyst estimates call them roughly fairly priced.

    The new borrowing and the split valuation views are the remaining fresh items this period.