Eversource Energy ES has seen fluctuations in stock performance, both underperforming and outperforming competitors on various days. Significant transactions have occurred such as shares sold by Park Avenue Securities LLC, shares sold by advisors from DekaBank Deutsche Girozentrale, and increase in stake by Cetera Advisors LLC and Burney Co. The company received a relative strength rating upgrade and reached key threshold levels. Though ES has faced a decline in Q2 earnings, it has managed to also meet earnings estimates and has even outperformed analyst projections in Q1 of 2024. However, past performance over a three-year period has proven unprofitable. Institutional backing stands strong at 83%, reflecting a large institutional ownership. While showing signs of potential weakness indicated by insider selling, ES has also seen stock price hikes due to analyst upgrades, and the company is executing robust renewable expansion plans. There has been a closure on the sale of Sunrise Wind, and the company has scheduled a first-half performance webcast. News of an announced execution of definitive agreement with Ørsted to sell Sunrise Wind, has surfaced. Despite a surprise loss, recent analyses imply that shares of ES are undervalued by 33%.
Eversource Energy ES News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sat, 10 Aug 2024 21:05:05 GMT -
Rating 0
- Innovation -3
- Information 6
- Rumor -4
