With a market cap of $27.1 billion, Eversource Energy (ES) is a leading energy company serving more than 4 million electricity and natural gas customers across Connecticut, Massachusetts, and New Hampshire. With over 10,300 employees, the company is advancing a cleaner energy future through industry-leading energy efficiency programs and innovative clean energy solutions, including geothermal, solar, offshore wind, electric vehicles, and battery storage.
Shares of the power provider have underperformed the broader market over the past 52 weeks. ES stock has risen 10.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 21.5%. In addition, shares of the company are up over 7% on a YTD basis, compared to SPX's 12.6% gain.
However, shares of the Springfield, Massachusetts-based company have outpaced the State Street Utilities Select Sector SPDR ETF's (XLU) marginal return over the past 52 weeks.
Eversource Energy shares fell 3.1% following its Q2 2026 results on Jul. 30 as earnings dropped sharply to $53.7 million ($0.14 per share), weighed down by $111.4 million ($0.30 per share) related to the Aquarion Water sale and a $164.0 million ($0.43 per share) increase in its offshore wind contingent liability. Investors were also concerned about the impact of the March 2026 FERC decision lowering the allowed transmission return on equity (ROE) to 9.57%, which reduced transmission profitability and contributed to a $43.9 million ($0.12 per share) charge in the first half of 2026.
For the fiscal year ending in December 2026, analysts expect Eversource Energy's adjusted EPS to decline 2.5% year-over-year to $4.64. The company's earnings surprise history is mixed. It beat the consensus estimates in three of the last four quarters while missing on another occasion.
Among the 17 analysts covering the stock, the consensus rating is a “Hold.” That’s based on four “Strong Buy” ratings, 10 “Holds,” one “Moderate Sell,” and two “Strong Sells.”
This configuration is slightly less bullish than three months ago, with five “Strong Buy” ratings on the stock.
On Aug. 4, BMO Capital analyst James Thalacker maintained a “Hold” rating on Eversource Energy and reiterated a $72 price target.
The mean price target of $74.54 represents a 3.4% premium to ES’ current price levels. The Street-high price target of $85 suggests a nearly 18% potential upside.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
/Netflix%20open%20on%20tablet%20by%20rswebsols%20via%20Pixabay.jpg)