Consolidated Edison (ED) faces mixed reactions from the market, with several analyst downgrades and differing forecasts for its fundamental and technical performance. The utility giant has suffered public criticism due to higher disconnection rates and an attempted 11% price hike. Profits have reportedly grown consistently, with major stock dividends declared, raising investor confidence. However, regulatory risks are constantly overshadowing potential growth. ED's stock performance has seen varied analyst opinions, including raised target prices and maintained low ratings. Its financial prowess continues being proven in strong earnings results and robust Q1 performance. Yet, backlash over rate hikes potentially impedes its success in New York's market. A key focus into the future includes investments into major reliability projects for Brooklyn and Staten Island customers. Changes occurring within the board and new share offerings also signal evolving strategic approaches. Aside, rising power bills, along with regulatory measures against the company's attempts for said increases, disclose underlying challenges in sustaining its market position.
Consolidated Edison ED News Analytics from Tue, 03 Dec 2024 08:00:00 GMT to Sat, 16 Aug 2025 15:09:32 GMT - Rating 5 - Innovation -4 - Information 8 - Rumor -2
