The market events around Eversource Energy (ES) have been notable with reports of the company significantly improving its dividends. However, it faces both regulatory and financial headwinds, though the latter seems to be somewhat mitigated by their strategic investments leading to a strong Q4 earnings and an overall promising financial performance. The company has also been celebrated for its strides towards green energy future and earning the status of a divident aristocrat. As the company navigates its financial hurdles, it rounds off with a strong week where the stock increased by 3.6%, largely rewarding its shareholders, composed 84% of institutional investors. Yet, the past performance for ES hasn’t been particularly profitable for investors.
ES is also set in making some major moves with significant sales, such as the Aquarion Water Company for $2.4 billion, and strategic acquisitions like the property for a clean energy hub. A considerable undertaking is the Greater Cambridge Energy Program where it’s building the only underground substation of its kind in the U.S. The company is also exiting the offshore wind business, focusing on refining its electric and gas business aspects. Despite all these, analysts suggest the ES stock may be underperforming compared to the S&P 500.
Eversource Energy ES News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 22 Feb 2025 02:32:17 GMT - Rating 3 - Innovation 1 - Information 8 - Rumor -2
