Eversource Energy (ES), a leader in the Clean Energy stock market, has recent news trending with a mix of peaks and troughs. Hedge funds see it as a viable option for investment due to its affordability. Despite underperformance in comparison to its competitors,
Reddit users recommend this stock due to its prospects. It is supported by strong
institutional backing with an ownership of 83% and its
Q2 earnings came in line with estimates. However, despite matching earnings estimates, the stock has witnessed a 5.2% drop since its last earning report. The past three years have proven to be unprofitable for investors, possibly due to the company's
debt load. Eversource recently closed the sale of
Sunrise Wind and achieved an upgrade in
relative strength rating. Potential weakness is surmised from insiders selling US$1.9m of stock. Analysts have set a target price with modest fluctuations being observed. Amidst these events, Eversource continues its green journey with a focus on
renewable expansion and strategic investments. It recently announced its plan to fully exit its offshore wind investments and was named one of America's Climate Leaders for 2024.
Leadership changes, including the retirement of Executive Chairman, Jim Judge, and the appointment of Joe Nolan as CEO mark an era of new stewardship for the company.
Eversource Energy ES News Analytics from Wed, 28 Sep 2016 07:00:00 GMT to Fri, 13 Sep 2024 08:07:11 GMT -
Rating 0
- Innovation -2
- Information 7
- Rumor -5
