
Eversource Energy (ES) Stock Forecast & Price Target
Eversource Energy (ES) Analyst Ratings
Bulls say
Eversource Energy's positive outlook is primarily supported by an increase in its rate base growth related to both the electric distribution and transmission sectors, alongside favorable weather conditions and reduced operational costs linked to minor storms. The company's strategic decisions, including its planned divestiture of the water utility Aquarion and exit from unregulated businesses, have streamlined operations and enhanced its focus on regulated services, reinforcing its low-risk profile. Additionally, bipartisan legislative momentum towards regulatory reform in Connecticut could further ameliorate risks associated with future regulatory frameworks, contributing to a more constructive operational environment for Eversource Energy.
Bears say
Eversource Energy's stock faces a negative outlook primarily due to the downward adjustment of its MTM/SOTP target price to $72, alongside a revised earnings estimate of $1.11, which, despite being higher than the current FactSet consensus of $1.05, reflects significant variability in analyst projections ranging from $0.85 to $1.29. Additionally, the derailment of an earlier Public Utilities Regulatory Authority (PURA) expansion effort due to interpersonal conflicts highlights potential governance and operational challenges that could hinder the company's growth prospects. These factors collectively indicate financial uncertainty and undermine investor confidence in the utility's future performance.
This aggregate rating is based on analysts' research of Eversource Energy and is not a guaranteed prediction by Public.com or investment advice.
Eversource Energy (ES) Analyst Forecast & Price Prediction
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