A review of American energy supplier
Eversource Energy's (ES) recent performance reveals a mixed bag. Starting with
Q3 earnings, there was a good deal of anticipation surrounding results, with analysts making various predictions.
Morgan Stanley for instance retained an Equal-Weight recommendation on the stock. However, its stock continually underperformed compared to its competitors both on Wednesday and Thursday. Its intrinsic value was estimated to be potentially 43% to 57% above its share price. Investment was noted with
First Trust Direct Indexing L.P. putting $280,000 in.
Q1 2024 Earnings outperformed analyst projections, backed by benefits from investments and renewable expansion. Nevertheless, stock losses calculated over the past three years reveal that investors have lost 23% to 34%. The company recently announced the sale of Sunrise Wind to Ørsted, supporting its decision to fully exit its offshore wind investments. Its first quarter 2024 results were reported alongside the strategic decision to divest wind assets, prompting $1.6 billion charges. Its shares also crossed the 5% yield mark. Despite some setbacks and underperformance, the company was upgraded to hold due to its strong fundamentals and institutional backing.
Eversource Energy ES News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Thu, 09 May 2024 18:29:39 GMT -
Rating -2
- Innovation -1
- Information 5
- Rumor 6
