Eversource Energy (ES) has been a focus of attention in the stock market recently. Large individual and institutional sales as well as acquisitions of ES shares have been made by firms like Fisher Asset Management, the Czech National Bank, Massmutual Trust Co., Los Angeles Capital Management and others. The performance of the ES stock has been fluctuating, sometimes underperforming and sometimes outperforming its competitors. ES Earnings report has surpassed analyst projections for Q1 2024, however, there were times when they fell behind estimates. On the other hand, Eversource Energy also delivered a surprise loss, prompting updates to future forecasts. The company has significant institutional ownership, indicating strong backing and confidence from big entities. Strategic moves like an agreement with Ørsted to sell Sunrise Wind, decreasing stake in US offshore wind farms and divesting wind assets have also been made. There is speculation of weak performance due to insiders selling US$ 1.9m in stock, coupled with a 23% loss suffered by investors over the past three years. Investors are advised to watch and analyze Eversource Energy's strategies and performance to make informed decisions.
Eversource Energy ES News Analytics from Fri, 25 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 17:36:36 GMT -
Rating 3
- Innovation 5
- Information 8
- Rumor 4
