Consolidated Edison, Inc. (NYSE: ED) has been the focus of numerous market reports, ranging from financial results to potential rate changes. The company reported Q1 earnings, but missed estimates despite increased revenue year-over-year. Negative investor sentiment increased when the utility giant announced that it's seeking approval for controversial rate hikes, a proposal that has been met with strong opposition from officials and residents of New York and Westchester County alike. Reports have also indicated that the company is seeing a relative strength rating increase, with some considering it one of the safest dividend stocks to invest in. However, Morgan Stanley and Mizuho have reduced their price targets, while Barclays raised its own. Forthcoming financial conferences and investor meetings are expected to provide more insight into the company's operations and financial standing. Additionally, Con Edison is becoming more active in the energy storage sector, with a request for proposals (RFP) for bulk energy storage projects. In contrast, ConEd faces some legal woes, agreeing to pay $750,000 over allegations of workplace discrimination.
Consolidated Edison ED News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 31 May 2025 13:23:11 GMT -
Rating -4
- Innovation -6
- Information 5
- Rumor -5
