Eversource Energy (D/B/A) ($ES) Stock Forecast: Up 5.3% Today

What is Eversource Energy (D/B/A)?

Eversource Energy (ES) is a leading energy company operating in New England. The overall market sentiment for ES was bullish today.

Why is Eversource Energy (D/B/A) going up?

ES stock is up 5.3% on Feb 13, 2025 17:15

• ES reported Q4 earnings and revenues that exceeded estimates, showcasing strong financial performance.
• The closed sale of projects and increased investments are expected to have positively impacted ES' earnings, driving investor confidence and pushing the stock price higher.
• The market reacted positively to the news, indicating that investors are optimistic about ES' growth prospects and financial health in the energy sector.

ES Price Chart

ES Technical Analysis

ES News

Eversource Energy Q4 Earnings and Revenues Beat Estimates

ES' fourth-quarter earnings and revenues increase year over year. Total operating expenses also increase during the same period.

https://www.zacks.com/stock/news/2414279/eversource-energy-q4-earnings-and-revenues-beat-estimates

Eversource Energy to Release Q4 Earnings: Here's What to Expect

ES' fourth-quarter 2024 results are expected to benefit from the closed sale of the South Fork and Revolution Wind projects and increased investments.

https://www.zacks.com/stock/news/2412258/eversource-energy-to-release-q4-earnings-heres-what-to-expect

Trending Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 8.0% Today

Injective ($INJ) Crypto Forecast: Up 5.8% Today

Memecoin ($MEME) Crypto Forecast: Down 6.1% Today

Pepe ($PEPE) Crypto Forecast: Down 5.0% Today

Maker ($MKR) Crypto Forecast: Up 5.1% Today

Golem ($GLM) Crypto Forecast: Up 31.6% Today

Optimism ($OP) Crypto Forecast: Up 5.6% Today

MANTRA ($OM) Crypto Forecast: Up 10.9% Today

NEAR Protocol ($NEAR) Crypto Forecast: Down 5.1% Today

Ethereum ($ETH) Crypto Forecast: Up 5.1% Today

Eversource Energy (D/B/A) Price History

14.01.2024 - ES Stock was up 5.4%

• The fourth quarter earnings and revenues of Eversource Energy fell short of expectations, which could potentially impact the stock. However, the adjusted earnings showed an increase compared to the previous year.
• The company's decision to sell its shares in two wind projects to GIP IV Whale Fund Hold could be a contributing factor to the positive stock movement. This move may indicate a strategic decision to focus on other aspects of the company's operations.
• The deviation from consensus on earnings and revenues could be attributed to the company's exit from offshore wind ventures and its intention to divest its water distribution business. These actions reflect a shift in priorities for Eversource Energy.
• Overall, despite the missed estimates, the market appears to have responded favorably to the company's strategic choices and the potential growth prospects of its various business segments.

03.09.2023 - ES Stock was down 5.8%

• The bearish movement in ES today could be attributed to the negative sentiment surrounding utility stocks, as indicated by the articles. Here's what might have caused the market movement:
• The article titled "Ticking Time Bombs: 3 Utilities Stocks to Dump Before the Damage Is Done" suggests that savvy investors may want to consider selling utilities stocks, potentially leading to a decrease in demand for ES shares.
• The article "Is Eversource Energy (ES) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap" raises concerns about ES being a value trap, which could have triggered selling pressure on the stock.
• The overall market sentiment towards utilities stocks being mispriced and the focus on tech and growth companies, as mentioned in an article from Investor Place, could have diverted investor attention away from ES, contributing to the bearish movement.
• In summary, the negative sentiment towards utilities stocks and concerns about ES being a value trap likely influenced the bearish movement in ES today.

10.00.2024 - ES Stock was down 7.7%

• The bearish movement in ES today can be attributed to the following factors:
• 1. Divestment of wind assets: Eversource Energy is in advanced talks to sell its stake in three offshore wind projects, which is expected to result in impairment costs of $1.6 billion. This news of divestment and potential charges could have negatively impacted investor sentiment, leading to the bearish movement in ES.
• 2. Market reaction to utility movers: ES was among the losers in the utility sector, which saw a decline of 0.57%. The negative performance of the sector as a whole could have influenced the bearish movement in ES.
• 3. Uncertainty in the energy sector: The overall market for utility companies has been experiencing volatility, and this could have contributed to the bearish movement in ES. Investors may be cautious due to various factors such as regulatory changes, market competition, and shifts in energy policies.
• In summary, the bearish movement in ES today can be attributed to the divestment of wind assets, impairment charges, negative performance in the utility sector, and overall uncertainty in the energy market.

12.09.2023 - ES Stock was down 5.1%

• The stock of Constellation Energy (CEG) experienced a strong bearish movement today. This could be attributed to several factors:
• 1. Industry Comparison: The article highlights the importance of assessing companies in the Electric Utilities industry. If Constellation Energy's performance is deemed weaker compared to its competitors, it could have contributed to the bearish movement of its stock.
• 2. Financial Indicators: The article mentions a detailed analysis of important financial indicators. If these indicators reflect a decline in Constellation Energy's financial performance, it could have influenced the bearish market movement.
• 3. Market Standing: The article discusses evaluating Constellation Energy's market standing. If the assessment reveals a decrease in market share or a loss of competitive advantage, it could have impacted the bearish movement of the stock.
• 4. Growth Potential: The article emphasizes evaluating the growth potential of Constellation Energy. If the analysis suggests a lack of promising growth prospects, it could have contributed to the bearish market movement.
• Overall, the bearish movement of Constellation Energy's stock today could be attributed to factors such as weaker performance compared to competitors, unfavorable financial indicators, a decline in market standing, and a lack of promising growth potential.

14.01.2024 - ES Stock was up 5.3%

• Fourth-quarter earnings and revenues of Eversource Energy fell short of expectations, potentially impacting the stock. However, adjusted earnings saw an increase compared to the previous year.
• The company's decision to sell its shares in two wind projects to GIP IV Whale Fund Hold could have bolstered investor sentiment, contributing to the positive movement in the stock.
• Despite the revenue shortfall, Eversource Energy expressed confidence that its adjusted EPS for FY24 will surpass expectations, which may have further contributed to the stock's positive movement.
• The overall market sentiment surrounding Eversource Energy's departure from the offshore wind business and potential sale of its water distribution business might have also influenced the stock's positive movement.

13.01.2025 - ES Stock was up 5.3%

• ES reported Q4 earnings and revenues that exceeded estimates, showcasing strong financial performance.
• The closed sale of projects and increased investments are expected to have positively impacted ES' earnings, driving investor confidence and pushing the stock price higher.
• The market reacted positively to the news, indicating that investors are optimistic about ES' growth prospects and financial health in the energy sector.