Sanctuary Advisors LLC and Boston Common Asset Management LLC have recently acquired positions in Eversource Energy, indicating investor confidence. Eversource has notably continued to lead the way in Renewable Energy, capitalizing on strategic investments to drive its grid modernization ambitions. It is recognized as a potential geothermal and solar stock to invest in. However, return trends and the Q2 earnings estimates have not been very appealing, which could influence investor sentiment.
Conversely, Eversource is notably undervalued with an attractive yield, with a significant 83% ownership indicating strong institutional backing. Its recent decision to streamline by selling its offshore wind business marks a paradigm shift in business strategy.
Despite a sudden decline in short interest and an incurred $520M loss in Q3, Eversource's dividend remains robust, and the company has been given a new price target by BMO Capital Markets. As a utility provider, Eversource outperforms competitors on strong trading days and has an intrinsically calculated value suggesting that it's 33% undervalued. Unforeseen results have led to a mixed consensus rating from brokerages, and the CEO's compensation package may require a shareholder review.
In perhaps the most important news, Eversource finalized its offshore wind sale and aims to fully exit from its offshore wind investments. As it does so, it gains recognition as one of America’s Climate Leaders and ranks #1 Energy Company in Barron's '100 Most Sustainable Companies' for 2023. Still, recent market reactions to the company's actions spotlight certain bearish sentiments towards Eversource's stocks.
Eversource Energy ES News Analytics from Thu, 20 Jul 2017 12:55:28 GMT to Sat, 12 Oct 2024 08:17:56 GMT - Rating 2 - Innovation -1 - Information 6 - Rumor 0
