Recent developments on Eversource Energy reveal a mixed bag of impressions. The company's water subsidiary sale was rejected by the Connecticut regulator, casting a cloud on its balance sheet strategy. Despite this setback, investment interest persists as Vanguard Group Inc., and Geode Capital Management made significant share purchases. Furthermore, Eversource surpassed Q3 earnings estimates and maintains robust strategic progress amid regulatory challenges. Yet, it was not all rosy as Scotiabank and Mizuho issued underperform recommendations, with the former issuing a pessimistic forecast on the company's stock price. Eversource's stability and growth strategy was recognized to power its strong dividend performance - a crucial advantage for long-term investors. Despite this, Eversource has encountered valuation reviews, with lowered target prices from Mizuho Securities and BofA Securities. The recent wave of investment and divestment activities indicates that investors are possibly playing it safe given the recent unexpected developments around the company's business operations.
Eversource Energy ES News Analytics from Tue, 24 Jun 2025 07:00:00 GMT to Sat, 22 Nov 2025 14:26:49 GMT -
Rating 0
- Innovation -4
- Information 8
- Rumor -2
