Eversource Energy (ES), a top-ranked US utility, remains a strategic investment despite complex market performance. They continue to reward shareholders, recently announcing common dividends, while advancing towards a green energy future. Earnings reports suggest strong EPS growth with potentials of a notable financial turnaround, alongside hitting Wall Street's revenue estimates. However, the company does not shy away from potential risks, including a downturn from offshore wind divestiture and a notable three-year loss. Eversource recently sold its water division in a $2.4B deal to maintain focus on its core electric and gas business. The company is in the process of constructing the only underground substation of its kind in the US, demonstrating its commitment to innovative approaches. As a newly minted Dividend Aristocrat, Eversource has been identified as a potentially undervalued stock and was also named one of America’s most responsible companies by Newsweek for the sixth year running. However, quarterly performance shows mixed results with stock trading down occasionally. The sale of the Aquarion Water Company is considered strategic, and ES returned to profit due to higher rates. Investors should tread with measured steps, given the stock's volatility and the mixed sentiments on the market.
Eversource Energy ES News Analytics from Wed, 01 May 2024 07:00:00 GMT to Tue, 18 Mar 2025 08:00:00 GMT -
Rating 0
- Innovation 4
- Information 5
- Rumor -5
