The utilities sector has seen market analysts adjust target prices for Eversource Energy (ES), with several firms reducing their price targets. Amid all these, ES has continued to use debt extensively, putting pressure on the stock and causing it to wobble. J P Morgan has maintained their underweight recommendation while UBS and Goldman Sachs have lowered their ES price targets. Despite recent share price setbacks, ES has received a 'buy' rating from Bank of America Securities. Meanwhile, ES's attempt to sell its water subsidiary was denied by Connecticut regulators resulting in a plunge in Eversource Energy's share prices. ES's expected earnings, strong growth indications, and increased value potential keep its long-term prospects bullish. In addition, the utility company has maintained a promising dividend payout strategy. However, compared to other utility stocks, Eversource's performance appears to be average, mirroring regulatory pressures and the refusal to sell its water unit causing a downgrade by Mizuho. Despite this downturn, Eversource still got upgraded to 'buy' at Janney showing opportunities amid the pullback. Analytical reports suggest that ES's current valuation is underestimated and given its solid growth and strategic progress, the stock has potential for further appreciation.
Eversource Energy ES News Analytics from Mon, 03 Mar 2025 08:00:00 GMT to Sat, 20 Dec 2025 12:52:57 GMT - Rating -3 - Innovation 2 - Information 5 - Rumor -3
