Eversource Energy (ES) has seen a 13.1% increase in short interest in December, amid stock performance that has outperformed its competitors. Despite the company's strong institutional investor backing at 84%, the past three years have not been profitable for investors. Eversource also recently secured a 26-acre energy hub for renewable power integration in Massachusetts and earned an RS Rating upgrade, indicating its continued drive towards being a leading clean energy provider. However, its Q3 earnings in 2024 have navigated through losses and strategic investments, with ES shares entering oversold territory recently. Eversource has also consistently been named amongst America's Most Responsible Companies over six years and is moving close to becoming a dividend aristocrat. Despite this, Scotiabank downgraded Eversource Energy to Sector Underperform, reflecting a mixed view on its stock. Overall, the company's ambitious grid modernization and strategic renewable expansion point towards a growth trajectory.
Eversource Energy ES News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Wed, 01 Jan 2025 21:09:19 GMT -
Rating -1
- Innovation 8
- Information 6
- Rumor -2
