Eversource Energy (NYSE:ES) has seen a number of highs and lows in the market. The company's price target has been increased to $61.00 but has subsequently underperformed compared to its competitors on certain days. Their Q2 earnings and revenues have both missed estimates, but Q1 earnings beat projections while revenues fell short. This pattern was also seen in their Q4 earnings. The company's return trends appear unattractive. Despite these setbacks, Eversource outperformed competitors during robust trading sessions and is considered a top-ranked growth stock. There are hints of robust institutional ownership around 82-83%. ES persists to make gains from investments and renewable expansion, potentially suggesting intrinsic value much above its share price. However, its investors have unfortunately experienced a loss over the last three years, and the CEO might not see a pay rise this year. Eversource plans to divest wind assets, expecting $1.6B in charges. The company has returned surprising losses recently, warranting analysts to update their forecasts. Still, the news of Eversource divesting its offshore wind investments with Ørsted could open new realms of opportunity, although this has yet to reflect positively on its stock trend.
Eversource Energy ES News Analytics from Thu, 10 Mar 2022 08:00:00 GMT to Sun, 19 May 2024 09:37:29 GMT -
Rating 0
- Innovation 6
- Information 6
- Rumor -2
