Eversource Energy (ES) has recently experienced impactful events that led to outperforming as well as underperforming its competitors on different trading days. There were instances of insiders at the company selling a significant amount of stocks, which may suggest signs of possible weakness. ES’s Q1 2024 earnings outperformed analyst projections, despite sales lagging behind estimates. Meanwhile, several investment boards and entities have altered their stakes in the business leading to fluctuations in stock performance. There has however been a notable expansion into renewables and strategic investments. Over a three-year span, shareholders have unfortunately experienced about a 21% loss. But, interestingly, intrinsic value estimates indicate that this could potentially be 43% above its share price. Although the company saw a surprise loss recently causing forecast updates from analysts, there is still a heavy institutional ownership presence. Lastly, the company has made strategic decisions to divest certain assets, and it remains an active player in the clean energy transition.
Eversource Energy ES News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Fri, 14 Jun 2024 21:08:00 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -1
