28-Mar-2024
Ørsted's Sunrise Wind offshore project wins Biden administration approval
Seeking Alpha News (Tue, 26-Mar 4:34 PM ET)
rsted and Eversource Win Bid for Updated Sunrise Wind Project in New York
Business Wire (Thu, 29-Feb 12:27 PM ET)
Updated Bid for Sunrise Wind Wins New York's Latest Offshore Wind Solicitation
Business Wire (Thu, 29-Feb 11:45 AM ET)
Eversource Energy Reports Full-Year Results
Business Wire (Tue, 13-Feb 5:48 PM ET)
Business Wire (Tue, 13-Feb 5:43 PM ET)
Eversource Recognized for the Fifth Consecutive Year on JUST Capital's 2024 List
Business Wire (Tue, 6-Feb 2:36 PM ET)
Eversource Energy Declares Dividend, Schedules Webcast to Discuss Fourth Quarter Results
Business Wire (Wed, 31-Jan 4:15 PM ET)
rsted and Eversource Propose Updated Sunrise Wind Project for New York
Business Wire (Thu, 25-Jan 3:58 PM ET)
Business Wire (Wed, 24-Jan 4:50 PM ET)
Eversource Energy Announces Fourth Quarter 2023 Impairment
Business Wire (Mon, 8-Jan 4:15 PM ET)
Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.
Eversource Energy (D/B/A) trades on the NYSE stock market under the symbol ES.
As of March 28, 2024, ES stock price climbed to $59.77 with 1,741,325 million shares trading.
ES has a beta of 0.66, meaning it tends to be less sensitive to market movements. ES has a correlation of 0.10 to the broad based SPY ETF.
ES has a market cap of $20.96 billion. This is considered a Large Cap stock.
Last quarter Eversource Energy (D/B/A) reported $3 billion in Revenue and $.95 earnings per share. This fell short of revenue expectation by $-546 million and missed earnings estimates by -$.02.
In the last 3 years, ES stock traded as high as $94.63 and as low as $52.03.
The top ETF exchange traded funds that ES belongs to (by Net Assets): VTI, VOO, VO, SDY, XLU.
ES has underperformed the market in the last year with a price return of -17.6% while the SPY ETF gained +33.6%. ES has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.4% and +1.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
ES support price is $58.02 and resistance is $59.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ES stock will trade within this expected range on the day.