Bank of America Securities analyst Ross Fowler has maintained their neutral stance on ES stock, giving a Hold rating on July 23.
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Ross Fowler’s rating is based on a combination of factors, including Eversource Energy’s recent financial performance and future projections. The company reported a Q2’25 adjusted operating EPS of $0.96, which aligns with market expectations and slightly exceeds Bank of America’s forecast. Despite maintaining its 2025 EPS guidance and a steady capital plan, the company’s financial outlook is tempered by significant interest expenses and operational costs.
Moreover, Eversource Energy faces regulatory challenges, particularly with the Connecticut Public Utilities Regulatory Authority, which could impact future rate cases and financial strategies. The company’s ongoing legal proceedings and financing needs, especially concerning deferred storm cost recovery, add to the uncertainty. Given these mixed signals, Ross Fowler has opted for a Hold rating, reflecting a cautious stance on the stock’s near-term potential.
According to TipRanks, Fowler is a 4-star analyst with an average return of 6.7% and a 63.64% success rate. Fowler covers the Utilities sector, focusing on stocks such as Alliant Energy, PG&E, and Eversource Energy.
In another report released on July 23, BMO Capital also maintained a Hold rating on the stock with a $74.00 price target.