Consolidated Edison Announces Forward Equity Offering Agreement

Consolidated Edison ( (ED) ) has provided an update.

On February 23, 2026, Consolidated Edison, Inc. entered into a forward sale agreement with JPMorgan Chase Bank, N.A. covering 7,000,000 shares of its common stock, with an affiliate of the bank borrowing and selling the shares into the market at the company’s request. On the same date, Con Edison signed an underwriting agreement with J.P. Morgan Securities LLC, acting both as underwriter and forward seller, to facilitate the registered sale of these 7,000,000 common shares, a move that positions the utility to raise equity capital and potentially strengthen its balance sheet for ongoing investment needs and regulatory commitments.

The most recent analyst rating on (ED) stock is a Sell with a $104.00 price target. To see the full list of analyst forecasts on Consolidated Edison stock, see the ED Stock Forecast page.

Spark’s Take on ED Stock

According to Spark, TipRanks’ AI Analyst, ED is a Neutral.

The score is driven primarily by solid but cap-limited utility financial performance, tempered by historically negative free cash flow and a 2025 balance-sheet data discontinuity. Technicals are constructive with a strong uptrend, but momentum looks somewhat stretched (RSI ~70). Valuation is moderately attractive, supported by a ~3% dividend and a reasonable P/E.

To see Spark’s full report on ED stock, click here.

More about Consolidated Edison

Consolidated Edison, Inc. is a regulated energy utility holding company that primarily provides electric and gas service, as well as related energy delivery infrastructure, to customers in its service territories. The company operates in the U.S. utility sector, focusing on reliable energy distribution and regulated returns, which shape its capital-raising and investment strategies.

Average Trading Volume: 2,060,768

Technical Sentiment Signal: Buy

Current Market Cap: $40.11B

Find detailed analytics on ED stock on TipRanks’ Stock Analysis page.