Eversource Energy's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 37 out of 65 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 73.09.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Eversource Energy is 7.31, ranking 42 out of 65 in the Electric Utilities & IPPs industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 3.22B, representing a year-over-year increase of 5.14%, while its net profit experienced a year-over-year increase of 411.33%.
Key Metrics
The current valuation score of Eversource Energy is 6.85, ranking 49 out of 65 in the Electric Utilities & IPPs industry. Its current P/E ratio is 18.57, which is 76.05% below the recent high of 32.69 and 1416.70% above the recent low of -244.52.
The current earnings forecast score of Eversource Energy is 6.89, ranking 36 out of 65 in the Electric Utilities & IPPs industry. The average price target is 74.00, with a high of 87.00 and a low of 60.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Eversource Energy is 6.45, ranking 55 out of 65 in the Electric Utilities & IPPs industry. Currently, the stock price is trading between the resistance level at 70.35 and the support level at 65.62, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Eversource Energy is 7.00, ranking 18 out of 65 in the Electric Utilities & IPPs industry. The latest institutional shareholding proportion is 85.14%, representing a quarter-over-quarter decrease of 0.30%. The largest institutional shareholder is The Vanguard, holding a total of 47.16M shares, representing 12.57% of shares outstanding, with 3.44% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Electric Utilities & IPPs domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Eversource Energy is 8.58, ranking 26 out of 65 in the Electric Utilities & IPPs industry. The company's beta value is 0.79. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Eversource Energy’s latest ESG disclosure leads the Electric Utilities & IPPs industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
