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Eversource Energy ( (ES) ) has provided an announcement.
On February 26, 2026, Eversource Energy issued $750 million of Junior Subordinated Notes, Series A, due 2056, and $750 million of Junior Subordinated Notes, Series B, also due 2056, under an underwriting agreement with a syndicate led by major investment banks. The unsecured notes were established under a junior subordinated note indenture and related supplemental indentures with The Bank of New York Mellon Trust Company, N.A., reinforcing Eversource’s access to long-dated hybrid-style capital that can support its financing flexibility and long-term investment plans.
The Series A Notes were issued pursuant to a first supplemental indenture dated February 1, 2026, while the Series B Notes were issued under a second supplemental indenture of the same date, both supplementing the base indenture executed with the same trustee. By placing $1.5 billion of junior subordinated debt in the market, the utility bolstered its capital structure with instruments that typically sit below senior debt, potentially preserving room for additional senior borrowing capacity and supporting future infrastructure and grid investment initiatives.
The most recent analyst rating on (ES) stock is a Hold with a $77.00 price target. To see the full list of analyst forecasts on Eversource Energy stock, see the ES Stock Forecast page.
Spark’s Take on ES Stock
According to Spark, TipRanks’ AI Analyst, ES is a Neutral.
The score is driven by improving earnings and supportive guidance, plus strong technical uptrend and a solid dividend yield. Offsetting these positives are elevated leverage and historically weak/volatile free cash flow, along with sizable future financing needs and regulatory timing uncertainty.
To see Spark’s full report on ES stock, click here.
More about Eversource Energy
Eversource Energy is a U.S.-based utility company focused on providing electric and natural gas distribution and related energy services to customers in its regional service territories. The company operates as a regulated utility, relying heavily on capital markets financing to support its long-lived infrastructure assets and balance sheet needs.
Average Trading Volume: 2,551,685
Technical Sentiment Signal: Buy
Current Market Cap: $28.21B
See more insights into ES stock on TipRanks’ Stock Analysis page.