The recent updates from
Eversource Energy (ES) indicate mixed results with both ups and downs. Despite a 0.5% drop since its last earnings report, ES managed to top Q4 earnings and revenue estimates. There has been a great focus on
green energy with ES proposing to establish a clean energy hub. The Company's inclusion to the
Dividend Aristocrats thanks to its
dividend hike to $0.7525 is a clear indicator of promising returns. However, insider sales have stirred up the stock, creating some uncertainty. On an optimistic note, ES has been termed a good utility stock to buy by hedge funds.
Strategic Investments and strong EPS growth highlight the recent Q4 2024 earnings call. ES is also selling the Aquarion Water Company for $2.4B. Financial performance is strong, but the past three years have not been profitable for investors. The company has made a significant move by acquiring
Mystic property from Constellation Energy to boost its clean energy transition plans. Nevertheless, concerns persist over ES's
debt load.
Renewable power integration remains a key focus area, aligning ES with future energy needs and trends.
Eversource Energy ES News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Thu, 13 Mar 2025 15:30:00 GMT -
Rating -2
- Innovation 8
- Information 8
- Rumor 8
