Eversource Energy (ES) is under the limelight as they urge shareholders to vote against an independent chairman proposal. The company is showcasing renewed technical strength prompting questions about underperformance trends. Investor sentiment, however, still eludes ES. Despite being one of the last undervalued regulated utilities and being named TIME's #1 U.S. Utility, the company has had a challenging time. It recently declared a common dividend and showed improved relative price strength. ES's Q4 2024 earnings boasted strong EPS growth and strategic investments. Despite a strong week for shareholders, losses over a three-year period leave room for concern. Undeterred, the company continues its strategic investments and renewable expansions. Reports hint at a robust financial turnaround with Q4 earnings and revenues beating estimates. ES's shares have also crossed the 5% yield mark. However, slowing rates of return have stirred concerns. In a strategic move, the firm sold its water division for $2.4B, reshaping the landscape of New England Utilities. Eversource also navigates through challenges in Connecticut. It was listed among TIME's World's Best Companies for 2024 and was dubbed America's most ethical utility by JUST 100 for the 6th year.
Eversource Energy ES News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Fri, 04 Apr 2025 17:59:48 GMT -
Rating 7
- Innovation 3
- Information 7
- Rumor -1
