Balanced View on Eversource Energy: Discounted Valuation Offset by Near-Term Earnings and Regulatory Risks Supporting a Hold Rating

UBS analyst William Appicelli has maintained their neutral stance on ES stock, giving a Hold rating today.

William Appicelli has given his Hold rating due to a combination of factors related to Eversource Energy’s earnings growth path and regulatory backdrop. He sees 2026 and 2027 as relatively soft years, with earnings per share expected to grow below the company’s long-term 5–7% target range until at least 2028, and views key Connecticut regulatory decisions, including the Aquarion sale and rate cases, as critical swing factors that introduce uncertainty.

At the same time, he acknowledges that the stock already trades at a notable discount to peers on 2028 earnings, and he has increased his price target to reflect both refined EPS estimates and a higher sector valuation multiple. In his view, the shares are reasonably valued given the balance between discounted valuation and near-term earnings and regulatory risks, which supports a Hold rather than a more decisive Buy or Sell stance.

In another report released today, Mizuho Securities also maintained a Hold rating on the stock with a $75.00 price target.