Eversource Energy (D/B/A) (ES) Stock Analysis
Breakout setup
Utilities · Utilities - Regulated Electric
Sell if holding. Analyst target reached at $69.71 — A.R:R is negative (-2.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.8): -1.0.
Eversource Energy is a regulated utility holding company delivering electricity to ~3.3M customers across Connecticut (CL&P), Massachusetts (NSTAR Electric), and New Hampshire (PSNH), plus electric transmission in New England. Revenue is set by state commissions (PURA, DPU,... Read more
Sell if holding. Analyst target reached at $69.71 — A.R:R is negative (-2.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.8): -1.0. Chart setup: Golden cross, above all MAs, RSI 50, MACD bullish. Score 5.2/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 45d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Eversource Energy (D/B/A)
About Eversource Energy (D/B/A)
Eversource Energy served approximately 3.5 million electric retail customers across Connecticut, Massachusetts, and New Hampshire as of December 31, 2025 — CL&P with 1.32 million customers in 157 Connecticut towns, NSTAR Electric with 1.62 million in 159 Massachusetts towns, and PSNH with 549,000 in 206 New Hampshire towns — plus natural gas and water customers through five additional regulated subsidiaries. CL&P alone generated $4.16 billion in 2025 retail tariff revenues. The holding company is subject to FERC oversight under the Public Utility Holding Company Act of 2005, with distribution subsidiaries separately regulated by PURA in Connecticut, the Massachusetts Department of Public Utilities, and the NHPUC.
Eversource earns returns through cost-of-service rates covering distribution and transmission; energy supply is passed through at cost with no margin earned. None of the three electric utilities own generation (NSTAR Electric owns 70 MW of solar facilities whose output is sold into ISO-NE). Distribution returns are set in periodic rate cases: NSTAR Electric operates under a 2022 DPU-approved five-year performance-based regulation plan with annual base rate adjustments; PSNH received new rates effective August 1, 2025 under an NHPUC alternative regulatory framework with three formulaic revenue adjustments authorized through 2028; and CL&P's base distribution rates remain frozen under a 2021 settlement pending its next general distribution rate proceeding. Transmission ROEs are regulated by FERC. In 2024, Eversource sold its 50% interests in Revolution Wind, South Fork Wind, and Sunrise Wind to Global Infrastructure Partners, retaining a tax equity investment in South Fork Wind plus contingent purchase price adjustment obligations tied to construction completion.
Show full overview
Four complaints filed by outside parties with FERC against ISO-NE transmission owners, including Eversource's utilities, allege that allowed ROEs are unjust and unreasonable; adverse decisions could reduce transmission earnings and lower rate base growth. FERC's Longer-Term Transmission Planning competitive solicitation process may require Eversource to bid against non-incumbent developers for certain projects rather than relying on traditional cost-of-service recovery, introducing uncertainty about transmission investment returns. The company also monitors the evolving regulatory environment in Connecticut — including changes in the composition of PURA — which could affect outcomes in CL&P's next general distribution rate proceeding across electric, natural gas, and water businesses.
See also: Utilities · Utilities - Regulated Electric
From Eversource Energy (D/B/A)'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-06-15Recent Developments — Eversource Energy (D/B/A)
Latest news
- NEWS BofA Maintains Buy Rating on Eversource Energy (ES) - Yahoo Finance — Yahoo Finance positive
- NEWS Last Target Reached: Stock Market Crash: SPX SPY ES QQQ SMH VIX IWM DIA (99HQSPrLVH) - Fathom Journal — Fathom Journal negative
- NEWS ONEOK (OKE) Shares Rise Despite Downgrade and Missed Earnings Es - GuruFocus — GuruFocus negative
- NEWS Argus Research Downgrades Eversource Energy to Hold — benzinga Jun 12, 2026 negative
- NEWS CNBC Halftime Report Final Trades: Eversource Energy, Alcoa, Starbucks — benzinga Jun 2, 2026 neutral
Generated 2026-06-17T08:56:47Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMregulatoryConnecticut Public Utilities Regulatory Authority (PURA)10-K Item 1: 'CL&P is subject to regulation by the Connecticut Public Utilities Regulatory Authority (PURA), which, among other things, has jurisdiction over rates'
- MEDIUMregulatoryMassachusetts Department of Public Utilities (DPU)10-K Item 1: 'NSTAR Electric is subject to regulation by the Massachusetts Department of Public Utilities (DPU), which, among other things, has jurisdiction over rates'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $69.71 — A.R:R is negative (-2.0) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.8): -1.0. Chart setup: Golden cross, above all MAs, RSI 50, MACD bullish. Prior stop was $66.45. Score 5.2/10, moderate confidence.
Take-profit target: $70.02 (+0.5% upside). Prior stop was $66.45. Stop-loss: $66.45.
Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.8): -1.0; Negative news sentiment (-0.67).
Eversource Energy (D/B/A) trades at a P/E of 14.7 (forward 13.8). TrendMatrix value score: 6.2/10. Verdict: Sell.
25 analysts cover ES with a consensus score of 3.6/5. Average price target: $72.
What does Eversource Energy (D/B/A) do?Eversource Energy is a regulated utility holding company delivering electricity to ~3.3M customers across Connecticut...
Eversource Energy is a regulated utility holding company delivering electricity to ~3.3M customers across Connecticut (CL&P), Massachusetts (NSTAR Electric), and New Hampshire (PSNH), plus electric transmission in New England. Revenue is set by state commissions (PURA, DPU, NHPUC) and FERC; natural gas distribution businesses were sold in July 2025.