Tocqueville Asset Management L.P., Intech Investment Management LLC, and Headlands Technologies LLC have cut positions in Eversource Energy (NYSE:ES), while M&G Plc, Bleakley Financial Group LLC, and Fidelis Capital Partners LLC have invested. The company's stock consistently under-performed compared to its competitors, leading to its shares being downgraded to 'Hold'. This status, however, has been questioned due to ES's Substantial Institutional Backing, with 82% ownership. Q1 2024 earnings outperformed analyst projections, despite lagging sales. But unfortunately, over the past three years, ES investors have seen a loss of 23%. Analysts continue to view Eversource as considerably undervalued, with an intrinsic valuation indicating a potential 33-43% undervaluation. Eversource announced its exit from its offshore wind investments but continues to make transformations in renewable expansion and strategic investments. Despite this, questions linger about executive leadership and CEO compensation packages. On a positive note, the company was recently ranked #1 in Barron’s “100 Most Sustainable Companies” for 2023.
Eversource Energy ES News Analytics from Wed, 04 May 2022 07:00:00 GMT to Sun, 21 Jul 2024 19:17:07 GMT -
Rating -3
- Innovation 2
- Information 7
- Rumor 5
