Eversource Energy (ES) continues to attract attention following a reaffirmation of its $24.2 billion plan, sparking interest in long-term valuation. Despite a pullback in price performance, renewed assessment indicates strong potential for long-term investors. Analysts are maintaining a varied stance, with JP Morgan upholding an Underweight recommendation while Goldman Sachs raises its price target.
ES's strategic infrastructure investments reinforces its position, even as the stock plunges with Connecticut regulator's rejection of its water subsidiary sale. Eversource emerges as a strong growth and value stock for the long-term. This appeal is fanned by Bank of America and Mizuho issuing a 'Buy', and the latter turning more bullish following clarity on projects.
The company's Q3 profit surge and steady outlook may shift its investment narrative. Notwithstanding regulatory challenges, earnings exceeded estimates, showing strategic progress. However, the sale denial dampened the firm's upside potential. Despite a momentary lull in performance, several consecutive days of gain saw returns significantly higher than the previous year. Eversource ends this observation period with a buy upgrade, commencement of a follow-on equity offering, and a solid common dividend declared.
Eversource Energy ES News Analytics from Mon, 03 Mar 2025 08:00:00 GMT to Thu, 25 Dec 2025 14:33:25 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor 4
