The
stock price of
Consolidated Edison (ED) has been a topic of discussion.
Jim Cramer is bullish on the company, and institutional investment firms, such as
Marshall Wace LLP,
AQR Capital Management LLC, and
Sei Investments Co. have increased or held significant positions. However, individual investor response is mixed. The company's
dividend performance and steady
earnings forecasts are deemed reliable, but some suggest the stock may be underperforming the utilities sector. Amidst this, Con Edison is focusing on its
clean future energy with a webcast presentation planned. The utility provider is also under scrutiny for its pricing, and allegations of employees earning 'poverty wages' have been raised. Major
leadership transitions and regulatory concerns also mark its story. An allegation of Con Edison escaping traffic tickets was made. The company faces criticism for reportedly charging double for natural gas as compared to National Grid. Amid these tribulations, Barclays downgraded its stock citing
overvaluation. However, Con Edison moves forward with a remarkable
$1.2 billion clean city project. In addition, their
implementation of electric charging ports demonstrates their commitment to clean energy.
Consolidated Edison ED News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 29 Sep 2024 08:42:30 GMT -
Rating 6
- Innovation -4
- Information 7
- Rumor -6
