Eversource Energy (ES) is gaining a reputation as a robust value stock with potential for long-term returns. With strong earnings performance meeting expectations, it presents a tempting proposition for investors. Notably, there is a possibility of shares being 28% below their intrinsic worth. ES, as a newly minted 'Dividend Aristocrat', is outperforming the market in dividends and the trend is expected to continue into 2025. The company made a significant move by launching a US$1.2 billion follow-on equity offering, showing institutional confidence. ES also sees growing power consumption opening avenues for further growth. However, potential regulatory hurdles and necessity for strategic investments for cleaner energy sources do present risks. A positive outlook on stock price projections and steady growth in dividend yields is seen with an increase in the strength rating from 71 to 75. Despite some former shareholders enduring a 25% loss in the past three years, Wall Street appears confident in ES's future performance, with the company owning 86% of its listed shares.
Eversource Energy ES News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Fri, 25 Jul 2025 13:50:03 GMT -
Rating 8
- Innovation -4
- Information 6
- Rumor -7
