Consolidated Edison (ED)'s diverse news spectrum suggests an intricate investment landscape. Analysts have observed bearish technical signs, mixed signals and volatility marking the company's outlook. ED's upcoming CECONY rate case will influence its near-term growth forecast. However, the company has been projecting bullish signals with consistently growing dividends, promising Q1 and Q2 2025 earnings reports, and significant share offerings. Despite this, a scandal involving fake checks from two inspectors and charges against safety inspectors raised concerns about operational integrity. Threats to New York's climate goals due to backlash on power bills and proposed rate hikes have also been controversial. Meanwhile, the addition of a top telecom executive is seen as a strategic move to strengthen the board. The company's decision to invest in major reliability projects signifies a dedication to service improvement, despite criticism over proposed rate hikes and increasing service shutoffs. With these developments, institutional shareholders control a dominant 72% of ED, indicating significant market confidence.
Consolidated Edison ED News Analytics from Tue, 03 Dec 2024 08:00:00 GMT to Sat, 30 Aug 2025 11:16:41 GMT -
Rating -3
- Innovation 2
- Information 6
- Rumor 2
