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Eversource Energy ( (ES) ) has provided an update.
Eversource Energy reported a significant financial turnaround in 2024, achieving full-year earnings of $811.7 million compared to a loss in 2023. This recovery was driven by strategic divestments and increased investments in its transmission and distribution systems. The company plans to continue focusing on strengthening its balance sheet by divesting non-core assets like Aquarion Water Company and aims for a long-term growth rate of 5 to 7 percent through increased infrastructure investments. It introduced a new five-year $24.2 billion investment plan, reflecting a 10 percent increase over the previous plan, to support clean energy growth.
More about Eversource Energy
Eversource Energy is a company in the electric and natural gas utility industry. It provides electric distribution, electric transmission, and natural gas distribution services primarily in the regions of Massachusetts and New Hampshire.
YTD Price Performance: 5.49%
Average Trading Volume: 2,441,257
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.77B
Learn more about ES stock on TipRanks’ Stock Analysis page.
