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Eversource Energy
(NYSE:ES)
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Rating:62Neutral
Price Target:
$76.00
▲(1.46% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by improving fundamentals and constructive earnings-call updates (reaffirmed guidance, Aquarion proceeds, stronger credit metrics), tempered by high leverage and a historically weak free-cash-flow pattern. Valuation is supportive due to the strong dividend yield, while technical indicators point to mixed-to-soft near-term momentum.
Positive Factors
Rate‑base driven growth & capital plan
A large, committed $21.5B five‑year capital program into regulated electric and gas infrastructure underpins durable rate‑base expansion and predictable cost recovery. With long‑term 5–7% EPS guidance, management signals structural earnings growth tied to authorized returns and regulated investments rather than volatile commodity exposure.
Negative Factors
Elevated leverage
Leverage is structurally high for the utility, with multi‑year debt relative to equity near 1.4x–1.9x and TTM metrics appearing especially elevated. High leverage constrains balance‑sheet flexibility, raises sensitivity to interest costs and regulatory shocks, and limits the company’s margin for additional capital needs or adverse cash events.
Read all positive and negative factors
Positive Factors
Negative Factors
Rate‑base driven growth & capital plan
A large, committed $21.5B five‑year capital program into regulated electric and gas infrastructure underpins durable rate‑base expansion and predictable cost recovery. With long‑term 5–7% EPS guidance, management signals structural earnings growth tied to authorized returns and regulated investments rather than volatile commodity exposure.
Read all positive factors
Eversource Energy Key Performance Indicators (KPIs)
Any
Net Income by Segment
Breaks down profit after expenses by business segment so you can see which operations actually generate earnings, how stable those profits are under regulation, and whether one-time items or weather-related swings are affecting reported results.
Breaks down profit after expenses by business segment so you can see which operations actually generate earnings, how stable those profits are under regulation, and whether one-time items or weather-related swings are affecting reported results.
Data provided by:
The Fly
The FlyEversource Energy (ES) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.95B
Dividend Yield4.26%
Average Volume (3M)2.34M
Price to Earnings (P/E)18.7
Beta (1Y)0.20
Revenue Growth7.75%
EPS Growth66.25%
CountryUS
Employees10,731
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3.86
Shares Outstanding376,674,740
10 Day Avg. Volume1,908,617
30 Day Avg. Volume2,342,791
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.54
Price to Sales (P/S)1.84
P/FCF Ratio-553.69
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$74.88Price Target Upside-0.05% Downside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)4.65
Revenue Forecast (FY)$13.75B
Eversource Energy Business Overview & Revenue Model
Company Description
Eversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy services. Its business activities are segmented into several key areas: the transmission and distr...
How the Company Makes Money
Eversource primarily makes money through regulated utility operations. Most revenue is earned by delivering electricity and natural gas to customers via distribution networks and, for electricity, through transmission operations. Rates (tariffs) a...
Eversource Energy Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 09, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful progress on strategic priorities — notably the $1.7B Aquarion sale, improved credit outlook, strong FFO-to-debt metrics, high completion status of Revolution Wind, and advancement of transmission and storm-cost recovery initiatives — which materially strengthen the balance sheet and growth runway. At the same time, the quarter included sizable non-cash GAAP charges, a year-over-year decline in recurring EPS (~9.4%), continued regulatory headwinds from FERC's reduced transmission ROE and refund exposure, denial of carrying charges for CT storm costs, and cost/recovery uncertainty around AMI. Overall, the positives around balance-sheet repair, secured proceeds, regulatory progress on storm securitization, and project execution outweigh the near-term earnings and regulatory setbacks, but several material regulatory risks remain and will influence near-term cash flow and earnings visibility.Positive Updates
Recurring Earnings in Line with Expectations
Second-quarter recurring (non-GAAP) EPS of $0.87, reaffirming long-term EPS growth guidance of 5%–7%. Company also reaffirmed 2026 non-GAAP EPS guidance range of $4.52–$4.72.
Negative Updates
GAAP Earnings and One-Time Charges
GAAP EPS for the quarter was $0.14 versus $0.96 in the prior-year quarter (a decline of ~85%). Results included noncash after-tax charges of $111.4M ($0.30/share) related to Aquarion carrying value and an after-tax $164M ($0.43/share) increase to the Revolution Wind contingent liability.
Read all updates
Q2-2026 Updates
Positive
Negative
Recurring Earnings in Line with Expectations
Second-quarter recurring (non-GAAP) EPS of $0.87, reaffirming long-term EPS growth guidance of 5%–7%. Company also reaffirmed 2026 non-GAAP EPS guidance range of $4.52–$4.72.
Read all positive updates
Company Guidance
Management reaffirmed long‑term non‑GAAP EPS growth of 5–7% (aiming for the upper half by 2028) and 2026 guidance of $4.52–$4.72 per share, supported by a $21.5B five‑year utility capital plan through 2028 and estimated equity needs of $800M–$1.1B (no equity expected the rest of 2026); balance‑sheet metrics include FFO/debt of 14.3% (S&P) and 15.7% (Moody’s) as of 6/30/26 (each >100 bps above downgrade thresholds) and $1.7B net proceeds from the Aquarion sale. Guidance assumes a 9.57% base transmission ROE (prospective ROE effective 11/30), Q2 recurring EPS was $0.87, storm securitization approvals total ~ $870M (≈$670M expected to be securitized) toward a $1.8B storm financing plan (CT $700M, NH $450M), and ~50% (~$350M) of Eversource’s $700M share of a $2.2B Maine–NH transmission project is expected in the current forecast.Eversource Energy Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
32
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.00B | 13.55B | 11.90B | 11.91B | 12.29B | 9.86B |
| Gross Profit | 4.93B | 4.08B | 3.70B | 4.85B | 5.41B | 4.75B |
| EBITDA | 5.41B | 5.49B | 4.13B | 1.40B | 4.19B | 3.49B |
| Net Income | 1.45B | 1.69B | 811.65M | -442.24M | 1.40B | 1.22B |
Balance Sheet | ||||||
| Total Assets | 63.42B | 63.79B | 59.59B | 55.61B | 53.23B | 48.49B |
| Cash, Cash Equivalents and Short-Term Investments | 1.82B | 135.35M | 26.66M | 53.87M | 374.60M | 66.77M |
| Total Debt | 29.81B | 30.28B | 29.11B | 26.75B | 22.94B | 20.22B |
| Total Liabilities | 46.92B | 47.43B | 44.40B | 41.28B | 37.60B | 33.74B |
| Stockholders Equity | 16.34B | 16.20B | 15.04B | 14.17B | 15.47B | 14.60B |
Cash Flow | ||||||
| Free Cash Flow | 297.71M | -45.10M | -2.32B | -2.69B | -1.04B | -1.21B |
| Operating Cash Flow | 4.43B | 4.11B | 2.16B | 1.65B | 2.40B | 1.96B |
| Investing Cash Flow | -2.10B | -4.31B | -4.54B | -4.87B | -4.13B | -3.45B |
| Financing Cash Flow | -876.68M | 311.53M | 2.34B | 2.87B | 2.03B | 1.44B |
Eversource Energy Technical Analysis
Positive
74.91
Price Trends
72.27
Negative
70.17
Positive
69.34
Positive
Market Momentum
-0.34
Positive
47.44
Neutral
36.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES, the sentiment is Positive. The current price of 74.91 is above the 20-day moving average (MA) of 73.18, above the 50-day MA of 72.27, and above the 200-day MA of 69.34, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 47.44 is Neutral, neither overbought nor oversold. The STOCH value of 36.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES.
Eversource Energy Risk Analysis
Eversource Energy disclosed 20 risk factors in its most recent earnings report. Eversource Energy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Eversource Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $26.71B | 7.26 | 22.06% | 4.34% | 10.74% | 42.37% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | $26.95B | 18.71 | 8.91% | 4.11% | 7.75% | 66.25% | |
62 Neutral | $21.96B | 20.86 | 11.02% | 2.98% | 9.93% | -1.74% | |
62 Neutral | $27.20B | 24.98 | 8.53% | 3.61% | 12.63% | -17.19% | |
61 Neutral | $26.68B | 27.75 | 8.53% | 3.08% | 6.73% | 26.95% | |
60 Neutral | $30.13B | 19.04 | 11.70% | 2.57% | 3.76% | 25.15% |
* Utilities Sector Average
ES
Eversource Energy
72.22
9.58
15.29%
AEE
Ameren
109.12
10.50
10.65%
CMS
CMS Energy
70.51
0.12
0.17%
EIX
Edison International
70.68
17.59
33.12%
FE
FirstEnergy
46.84
4.87
11.60%
PPL
PPL
35.68
-0.26
-0.72%
Eversource Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Eversource Energy Reaffirms 2026 Guidance Despite Earnings Decline
Negative
Jul 30, 2026
Eversource Energy reported a sharp year-on-year decline in GAAP earnings for the second quarter of 2026, with profit falling to $53.7 million, or $0.14 per share, from $352.7 million, or $0.96 per share, in the same period of 2025, largely due to ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Eversource Completes Aquarion Sale to Cut Debt, Refocus
Positive
Jul 1, 2026
Eversource Energy has completed the $2.4 billion cash sale of Aquarion Water Company to the newly formed Aquarion Water Authority, a quasi-public entity of the State of Connecticut, after securing approval from the Connecticut Public Utilities Reg...
Business Operations and StrategyDividendsFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Eversource Updates Earnings Outlook Amid Regulatory Headwinds
Neutral
May 6, 2026
At its May 6, 2026 annual meeting, Eversource Energy shareholders elected nine trustees to one‑year terms, approved 2025 executive compensation on an advisory basis, and ratified Deloitte Touche LLP as independent auditor for 2026. Investor...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.