Hydro One Ltd

H: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 86.00	Chy	Rzrgfbtd

Hydro One Earnings: Capital Investments Should Drive Above-Average Growth

Andrew Bischof

Feb 13, 2024

We are maintaining our CAD 35 per share fair value estimate for Hydro One after the company reported full-year operating earnings of CAD 1.81 per share compared with CAD 1.75 in the same year-ago period. Results were in line with our CAD 1.79 per share estimate. Our no economic moat rating remains unchanged.

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