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Eversource Energy

Eversource Energy

ES
$71.25USD↑+1.48%+1.04 today

MARKET CAP

26.8B

P/E (TTM)

15.2x

FWD P/E

—

DAY RANGE

$70 – $71

52W RANGE

$62
$77

AI Summary

Stalk
Sell NowMedium

ES has decisively broken below a key horizontal support cluster on elevated volume, reinforcing a Stage 4 declining environment and a medium-term bearish bias. Short-term price is extended below declining EMAs and the 200DMA with an oversold RSI, favoring immediate sell participation. Execution should focus on continuation participation, targeting minor rallies back into the broken support zone as resistance. The long-term uptrend remains intact but is vulnerable if price fails to regain the 200DMA.

  • ↑Q1 revenue rose 9.4% YoY to $4.50 B, reflecting grid investments.
  • ↑GAAP EPS of $1.61 beat consensus $1.59, showing earnings resilience.
  • ↓Analysts forecast Q2 EPS to decline 8.3% YoY to $0.92.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Eversource Energy (NYSE: ES) is a leading utility company primarily engaged in the transmission and distribution of electricity and natural gas in the northeastern United States. The company operates as a vertically integrated utility, providing services to millions of customers across several states. With a focus on renewable energy and infrastructure investments, Eversource is part of the critical theme of energy transition and sustainability within the utility sector. Their commitment to enhancing grid reliability and meeting increasing electricity demand positions them as a crucial player in the ongoing shift towards greener energy solutions.

Bull says

  • ↑Q1 revenue rose 9.4% YoY to $4.50 B, reflecting grid investments.
  • ↑GAAP EPS of $1.61 beat consensus $1.59, showing earnings resilience.
  • ↑Dividend yield at 1.15% with quarterly payout reinforces shareholder returns.
  • ↑Effective leverage management supports earnings growth amid rising demand.
  • ↑Stock hit 52-week high of $76.57 on July 28, signaling positive momentum.
  • ↑Ongoing grid upgrades and renewables investments position Eversource for long-term growth.

Bear says

  • ↓Analysts forecast Q2 EPS to decline 8.3% YoY to $0.92.
  • ↓Projected FY 2026 EPS cut to $4.67, indicating limited upside.
  • ↓Profitability under pressure from rising interest expenses and taxes.
  • ↓High short interest reflects bearish sentiment and potential volatility.
  • ↓Negative growth metrics and EPS revisions may signal a value trap.
  • ↓Average price target of $72.58 leaves minimal upside from $76.57 high.

Investment themes with ES

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q4 2023 · Mgmt. Guidance

Updated 02-12-2025neutral

Transcript signals

Bull points

  • we expect to grow our dividend in line with the earnings growth.
  • We plan to have the Revolution project in service in the fall of 2025. So that should be the timing you should be thinking.
  • We just -- as Joe mentioned, the Board just approved on an annualized basis, another 6% dividend increase. So we have a long-standing record of continuing to grow our dividend in line with our earnings.

Bear points

  • No.
  • No, no, great question.
  • No.
Read full transcript analysis ›