Multiple news pieces related to the performance, investments and financial outlook of Eversource Energy (ES) have been reported recently. In the earnings preview, it's expected that ES's Q2 revenue may decline. Debt-load concern has also weighed on the company's balance sheet. Despite these factors, ES managed to outperform its competitors in some trading sessions. The Canada Pension Plan Investment Board confirmed that it has a considerable stake in ES and, in fact, has demonstrated strong institutional backing with 83% ownership. ES has planned to release its quarterly earnings report this Wednesday which is an awaited by investors and analysts.
Despite the impacts, ES shows positivity towards renewable energy expansion and announced that it is ready to catch the wind. There were concerns over the company's returns hitting a wall in the past years and its shareholders have unfortunately incurred losses. Recently, an agreement was executed with Ørsted to sell Sunrise Wind by ES showing its strategic movements. However, the inappropriate CEO compensation package raises eyebrows.
Eversource Energy ES News Analytics from Thu, 10 Oct 2019 07:00:00 GMT to Sun, 28 Jul 2024 13:53:28 GMT - Rating -4 - Innovation -2 - Information 6 - Rumor -6
