
Eversource Energy (ES) Stock Forecast & Price Target
Eversource Energy (ES) Analyst Ratings
Bulls say
Eversource Energy is facing potential refunds for transmission earnings, which could amount to approximately $880MM for the company. Although extensions have been granted, there is still a possibility of legal challenges to these refunds. However, it is likely that the refunds will be upheld and paid out by the end of 2027, adding to the company's financial obligations.
Bears say
Eversource Energy is facing a difficult future due to significant regulatory challenges, a reduction in electric transmission ROE and the need for additional equity. This, combined with the potential for more cuts to EPS targets and negative outcomes around key initiatives such as the sale of Aquarion, are contributing to a negative outlook for the stock. While the company does operate a large energy delivery system, its exposure to offshore wind cost overruns and regulatory headwinds make it a risky investment at this time. Risks include potential delays and cost overruns in offshore wind projects and fluctuating interest rates, which could negatively impact the company's credit metrics. Overall, Eversource Energy faces a challenging path forward and is currently our least preferred regulated utility stock.
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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