Eversource Energy (ES) exhibits both benefits and drawbacks from numerous review points. On a positive note, ES has been widely recognized for its outstanding growth and performance, as well as its emphasis on renewable expansion. Significant investments and crucial acquisitions have resulted in a decent uptick in valuation. Moreover, ES's clean energy projects and alignment with wind initiatives were lauded. However, the last three years seem to have been tough for investors, with a 23% loss recorded, potentially due to underperformance on specific trading days. Other areas raising concerns include CEO compensation issues and insider stock selling that may hint at possible problems. Furthermore, ES's Q4 2023 Earnings fell short of estimates, repeat disappointments in quarterly earnings reports have occurred, and the company's decision to divest its wind assets has analysts questioning the future value of the company. Notwithstanding, institutions continue to hold a high interest in ES equities, owning the majority of the company's shares. Lastly, Goldman Sachs recently started ES's shares with a Buy rating, positing signs of optimism for the stock. The decision to sell Sunrise Wind to Ørsted demonstrates a strategic shift for the energy company.
Eversource Energy ES News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 16:01:56 GMT -
Rating 0
- Innovation 0
- Information 5
- Rumor -2
