Fortis is trading 6.2% up now at $56.82 after rising from the September 15 close of $53.50; no clear company-specific announcement dated September 16 was identified.
- Fortis’s previously announced US$1 billion junior subordinated-notes offering was dated September 9 and is not a confirmed explanation for this pre-market move.
- Broader indexes were modestly higher, but below the threshold for attributing Fortis’s surge to overall market sentiment.