Investment firm Seven Eight Capital LP has taken a $711,000 stake in Eversource Energy (ES), a renowned player in the Geothermal Stock sector. Despite market downturns, ES still often outperforms competitors, further solidifying its position in the market. The utility company has notably raised its dividend for 24 consecutive years and recently crossed a 5% yield mark. Reddit users have taken an interest, recommending ES as a clean energy stock. Additionally, XTX Topco Ltd has boosted its holdings in ES. However, ES experienced underperformance on some days, leading to a weak outlook for short-term. ES reported its Q2 earnings estimates were met, but earnings were anticipated to decline, generating negative sentiment despite its Q1 2024 earnings outperforming analyst projections. ES showed a downward trend since the last earnings report but there is hope for a rebound. Institutional backing sits at a strong 83%, bolstering investor confidence, but debt load remains a concern. ES has gained from its overall investment and renewable expansion strategy, banking upon its clean energy focus. Insider sales worth US$1.9 million have been reported, potentially indicating an internal lack of confidence in the company.
Eversource Energy ES News Analytics from Thu, 23 Jun 2016 07:00:00 GMT to Sun, 22 Sep 2024 09:32:33 GMT - Rating -1 - Innovation 3 - Information 8 - Rumor -3
