Does Fortescue’s Share Price Still Offer Upside After Recent Green Hydrogen Update?
If you are trying to figure out whether to buy, hold, or sell Fortescue, you are not alone. This stock has been in the spotlight for good reason, and investors are keenly watching its every move. Over the past week, Fortescue inched up by 0.8%. Stretch that out to the last month, and you are looking at a rise of 5.2%. The story gets even more compelling when you zoom out: a year-to-date jump of 2.6% is overshadowed by a solid 3.6% gain over the past year, and an impressive 41.1% increase over three years. Long-term holders have almost doubled their initial money with a 92.5% return over the last five years.
Some of this momentum can be traced to ongoing market attention on commodities and changes in global demand, both of which play…
